One of the main players in the online sale of musical instruments, the French Woodbrass is in financial difficulties, according to the newspaper Ouest-France.The company generated € 50 million in sales in 2019 and employs 100 people in its e-commerce, five shops and a music school.
The insolvent company is now subject to a court-supervised recovery scheme. The management says that despite growing sales especially during lockdown, they suffered from lower prices of several strong competitors.
