Hungarian toy retailer Gulliver goes into liquidation

Telco

The court has ordered the liquidation of toy retailer Gulliver, which went bankrupt at the end of 2013, bailiff Zoltán Kovács of liquidation firm Duna Libra informed Hungarian news agency MTI today.

The deadline for creditors to report their claims expired on June 15 and the claims are still being processed, Kovács added.

Gulliver applied for bankruptcy protection and closed its 27 toy shops and suspended operation of its webstore in December 2013.

It was then reported that the company owed almost HUF 3 bln to 148 creditors. Gulliver had losses of HUF 307 mln in the business year ending at the end of June 2013.

-- Christian Keszthelyi contributed to this article

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