Greece’s Kou-Kou Files for Creditor Protection, Imerisia Says

Kou-Kou SA, Greece’s second-largest toy and baby-product retailer, filed for protection from creditors as it seeks to reorganize amid falling sales, Imerisia reported.

The company, which operates mainly in northern Greece, saw a double-digit decline in 2010 sales; it also experienced difficulty in obtaining finance for working capital and guarantees for importing goods for the holiday season, the newspaper said, without citing anyone.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net.

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net.

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