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Double Coffee Estonia declares bankruptcy

  • 2009-11-23
  • Oskars Magone

TALLINN - The Estonian branch of Double Coffee, one of the Baltic's most successful restaurant chains, has declared bankruptcy.

Double Coffee had expanded agressively during the high-growth years that followed the Baltic states' joining the EU, but has seen business slow to a crawl since the onset of the financial crisis.

The company was declared bankrupt on Nov. 17 after facing a negative balance of 6 million kroons last year.