Glory days gone, Seppälä clothing chain bankrupt at 87

One of Finland’s oldest clothing retail chains, Seppälä, has filed for bankrùptcy. Primarily known as a women’s wear retailer, it was established in 1930.
Seppälä was long owned by Stockmann, which sold it off its 82 remaining stores in the spring of 2015. They had suffered losses of 44 million euros over the previous two years, with outlets in Russia, Latvia and Lithuania shuttered. The company still has 13 shops in Estonia.