Romanian ice cream maker goes bankrupt

Kobo Ice Cream, one of the biggest ice cream producers in Romania, announced its bankruptcy two years after going into insolvency.

The Neamt Court ruled that the company will be liquidated, which means its assets will be sold to pay off some of the debts. The company’s creditors include Orkla Foods Romania, Kaufland Romania, Unilever Bulgaria, Mol Romania and Eco-Rom Ambalaje.

Kobo Ice Cream produced ice cream under the Amicii brand.

The company had a turnover of EUR 3.94 million and losses of EUR 1.51 million in 2016. It asked for its own insolvency at the end of 2016. Its debts amounted to EUR 3.7 million.

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