This year, the shoe retailer LLC "Euroskor Latvijā" will begin the liquidation process, according to information in the management's message in the company's annual report, writes LETA.
The company "Euroskor Latvijā" informed the LETA agency that the liquidation process will begin within the next month; however, they did not provide more detailed comments on the reasons for the liquidation.
It was previously reported that last year "Euroskor Latvijā" gradually closed seven retail locations, including two in Ventspils and one each in Saldus, Madona, Kuldīga, Tukums, and Cēsis.
The management report for last year states that by the end of 2025, the retail network of "Euroskor Latvijā" will consist of two "Euroskor" shoe stores.
As previously reported, last year "Euroskor Latvijā" operated with a turnover of 1.596 million euros, which is 26.4% less than in 2024, while the company's losses increased by 64% to 334,778 euros, according to data from "Firmas.lv".
The company was registered in 1991, and its share capital is 500,000 euros. The owner of "Euroskor Latvijā" is LLC "AZ Holding", which belongs to Jānis Andersons (75%), Eriks Zarakhovichs (20%), and Raitis Zarakhovichs (5%).
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