Due to a bad debt in a trucking service provider in Spain, the management of the LCL part-owned logistic provider LCL Freshservices Iberia voluntarily filed for insolvency on September 17.
LCL Freshservices Iberia with a turnover 2007 of 30 million euro and a staff of 25, will now be under insolvency administration according to Spanish law.
“It was disappointing news that our partner venture LCL Freshservices Iberia did not manage to overcome the difficulties within their trucking venture. However, the LCL Group is strong enough to continue forward, and for the rest of the global LCL operation it is business as usual”, said Hiroshi Kawamura, ceo of LCL Sweden AB.
