Pioneering German sex shop chain goes bankrupt - News Summed Up

Pioneering German sex shop chain goes bankrupt


BERLIN: Germany’s pioneering sex shop chain Beate Uhse said Friday that it has filed for insolvency, falling victim to the rise of erotic e-commerce. That store selling lingerie and contraceptives became the world’s first sex shop, according to the company’s website. The group also attempted to expand its market by distributing a line of halal sex products in 2014. But as sex products moved online, Beate Uhse, which currently has 43 stores in Germany, suffered. “The traditional sex shops will not survive as they are,” Otto Christian Lindemann, the German group’s director predicted in 2007.--AFP


Source: New Strait Times December 15, 2017 11:18 UTC



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