Horai, a longstanding organic wholesaler based in Fraubrunnen, Switzerland, has filed for bankruptcy and ceased operations. The company, which operated for over four decades, employed 18 people who will now lose their jobs.
The closure marks the end of a notable presence in the Swiss organic market, reflecting challenges faced by traditional wholesalers in the sector.
**Why this matters**
Horai’s bankruptcy highlights the difficulties organic wholesalers encounter amid changing market conditions and competition. The closure affects local employment and may impact the availability of organic products in the region.
Source: NewsData