Retail stakes proved costly for Demant during first coronavirus lockdown

Hearing aid company Demant's business model has emphasized buying retail firms and other companies, as well as owning retail stores. During the first Covid-19 lock-down this was a costly affair.

Demant President & CEO Søren Nielsen | Photo: Kenneth Lysbjerg Koustrup/Jyllands-Posten/Ritzau Scanpix

"Closed due to Covid-19".

Messages like this have appeared in the shop windows of Demant's 2,500 clinics in 18 countries around the world, where hearing-impaired patients would normally have gone to adjust hearing aids or buy new devices.

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