After revealing that the writing is on the wall, the known AA publisher and accessory maker Nacon has filed for insolvency, putting the company in jeopardy.
Last week, it was reported that Bigben Interactive (Nacon’s parent company) was facing serious financial issues that were affecting its subsidiaries’ businesses. According to a Traxion report, Nacon temporarily suspended trading in its shares last week, as its dire financial straits forced it to restructure to continue operations. Bigben Interactive reportedly struggled to pay a 43 million euro debt to bondholders, and these financial issues have hit a boiling point.
This boiling point has forced Nacon to announce that the company has filed…