Primex suppliers discontinue deliveries

The suppliers of Primex, which manages the home appliances retail chain Teknosa, have discontinued the delivery of electronics and home appliances to the company, following worsening trading relations and delayed payments. Primex, which, apart from Teknosa, also operates Cosmo stores, has filed for bankruptcy, with the insolvency case now on the docket of the Covasna Court of Law, according to Mediafax press agency. “Primex was one of our clients until autumn last year. We knew about their intention to close their business, which was confirmed, but we discontinued relations because we see no way of developing our business together,” said Mihai Stanuica, who manages the Balkan operations of home appliances producer Amica. Suppliers estimate Primex owes them about 10 million euros and most of them discontinued deliveries several months ago.