Amber Beverage Group puts Latvian unit into legal protection

Amber Beverage Group has initiated legal protection for its Latvian operations as it faces cash flow pressures caused by “external challenges”. In a filing to the Nasdaq Baltic stock exchange on Friday (30 January), the company said Amber Latvijas balzams will continue to operate as normal while it “works with creditors to establish a sustainable financial structure”. Normunds Staņēvičs, the CEO of ABG, called the decision “difficult but necessary”. “The legal protection process gives us the legal safe ...