Restructuring failed: JoWood on the brink of disappearance

Published: April 22, 2011; 13:12 · (Vindobona)

The game manufacturer, already in hard financial troubles for a long time, had to announce today that the restructuring process has failed.

Restructuring failed: JoWood on the brink of disappearance / Picture: © JoWooD

Founded in 1995, JoWood was in midst of an existential crisis for several years. JoWood produces and sells computer games.

In January, the game manufacturer submitted an insolvency proceeding. The restructuring process has failed presently, after no investor could be found. This comes as a surprise, as only a month ago the company said that two prospects were showing interest in…

This article includes a total of 183 words.

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