WINTERTHUR, Switzerland – Erb Gruppe, the Swiss conglomerate that includes the country’s No.2 vehicle retailer and importer, Herfina AG, and the world’s No.2 coffee trader, Volcafe, has folded dramatically after running up debts of $1.55 billion. Hyundais among models imported by bankrupt Erb Gruppe. Bad real estate deals in Germany are being blamed for the worst corporate collapse in Switzerland since national air carrier Swissair was forced out of business last year. The ...
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