LEGAL | Staff Reporter, Europe

Dunkin' Donuts declares bankruptcy in Sweden

Around 60 employees were affected by the move.

Dunkin' Donuts' Swedish franchise has officially filed for bankruptcy.

Citing the Swedish tabloid Aftonbladet, The Local reports that the U.S.-based company filed for bankruptcy at Linköping District Court, closing its restaurants across Sweden with immediate effect.

"The reason was that it was impossible to achieve profitability under the current conditions. Incredibly sad. Many of us have fought hard," its CEO in Sweden, Jimi Metz, said.

Around 60 employees are affected by the closure, including some 15 full-time staff.

The chain initially planned to open around another 30 to 40 locations in Sweden in the next three years.

(Photo credit: Dunkin' Donuts UK Facebook page)

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