Debt deferral causes Letsbuyit suspension

Added:
Dec 29, 2000

The Netherlands-based company is hoping to raise EU80m to prevent it running out of cash before its forecast break even point in 2002. Letsbuyit mooted the possibility that some of the new funds may come from traditional retailers.

Letsbuyit's July debut on the Neuer Markt raised EU66m, half the amount originally planned.

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