They earned tens of millions of kroner from their public sale home Lauritz.com and mingled with the well-known and royal. Moved ahead in Skagen in week 29. On an property in Sweden. And the wine citadel within the South of France.
Sadly for the various 1000’s of shoppers and collectors, who right now are left with a protracted nostril, it turned out that the Lauritz couple had set their ethical compass awry.
They led themselves on borrowed cash. Cowl and shell cover.
Till all of it collapsed in a cloud of unpaid payments.
An essential level stays.
Over the previous few months, the enterprise media Finans has skilfully uncovered how Mette and Bengt Sundstrøm, along with the remainder of the administration, went on a weird spree with Lauritz.com.
Immediately reverse purple. With out ever slowing down.
Confidential board minutes and inner correspondence reveal a forest of warning flags that administration blatantly ignored within the race to the brink, and what’s worse:
Mette and Bengt Sundstrøm knew that what they have been doing was fully flawed.
For instance, once they used the shoppers’ cash as an overdraft and repeatedly prolonged the time interval wherein you as a vendor have been promised to get your cash paid out.
First from 30 to 40 banking days. So 60 banking days. And at last, no promise of something – simply that the cash would come “as quickly as attainable.”
They simply by no means got here.
Bengt Sundstrøm is sitting right here. Smiling and comfy. His many purchasers had little to smile regarding.
Archive picture: Niels Ahlmann Olesen/Ritzau Scanpix
Alongside the best way, Bengt Sundstrøm, as the primary proprietor, withdrew nearly DKK 100 million from the distressed public sale home, and when the home of playing cards collapsed, he and his spouse sought refuge within the wine citadel within the South of France.
Comfortably distant from the 1000’s of shoppers who had handed in and bought heirlooms, furnishings, jewelery and household silverware, and who have been now left livid and despairing.
The trustees within the chapter property imagine that Bengt and Mette Sundstrøm, along with the previous finance director Preben Lindgaard and board member Tue Byskov Bøtkjær, must be positioned in chapter quarantine for “grossly irresponsible enterprise conduct.”
One is tempted to say that that formulation appears like an understatement.
The entire matter of Lauritz.com, and the loopy tendencies that the administration made for the shoppers’ cash, requires a authorized followingmath. A radical investigation, so {that a} rightful duty might be positioned.
Dwelling in 1st class is tough work. Particularly when it requires you to cunningly and repeatedly milk your clients, pickle your collectors and hold your board of administrators with guarantees of rich traders who’re prepared within the wings to save lots of the sinking ship.
Figuring out that there are birds on the roof. A mirage.
As we speak, the various footage and posts on social media the place the Sundstrøm couple benefit from the luxurious life and trip with the royals seem all of the extra absurd.
I’m wondering if they will see it themselves? The absurdity? One doubts.
And that is nearly the worst of all of it.
2024-06-23 17:36:11
#clients #robbed #homeowners #lived #class
