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.
BY ALBERT RØNNING-ANDERSSON, TRANSLATED BY NIELSINE NIELSEN
"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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