Yeah, the article is really lacking in information.
My guess: tech-bro VC-backed start-up culture has clawed its way into every field by now. So in theory while it should have been pretty easy going for anyone selling and installing solar the last couple years, competitors might have more capital at their disposal. That in turn means faster scaling and rapid expansion (like over at Enerpal and 1komma5) as long as the money keeps flowing. Doesn't matter if you're profitable, you just wanna squeeze out the competition.
That appears to be working.
Although it could also just be Sonnen's expansion into the North American market being deemed more worthy of attention, who knows
Article indeed lacks details, but my guess would be that they bought the company in 2019 and loaded it with the bank debt from that purchase expecting that in a growing market and low interest rates the company would be able to pay back their own purchase.
But now a few years later, with more competition diminishing profits and higher than before interest rates on the loans, and suddenly it looks much less possible. Obviously Sonne will not admit to this, but such shady practises are sadly very common for company takeovers.
Finishing "third place" with 50 parlementarian more than before, and a minority big enough to block any left wing measure isn't a blow. It's a quasi victory
They didn't exactly suffer a blow. They increased their number of seats in the parliament from 89 to 142. Yes, they are the 3rd biggest group when most polls were putting them on top, but their influence is increasing a lot and they stay in a position of opposition which may favor them for the next big election, the presidential election of 2027.
The biggest group in the new parliament, Nouveau Front Populaire, was formed less than a month ago. They have much to prove if they want to gain long term trust of the electors, and this with only a relative majority, which will make it difficult for them to vote reforms on their terms.
All am saying is, I am glad we avoided the worst yesterday, but there is still much work to do. One battle won, war against fascism continues...
The NFP has the problem that it's a group of several different parties, they agreed to some things before the election, but after the election they have to actually work together, and also with the Ensemble group to get any majorities at all.
I'm glad that freedom loving people in France put two and two together after the RN wins in EP elections. Leftists finally found a bit of unity knowing that the consequences of a divided left front would usher in the right wing.
Macron didn't accept the resignation offer from PM Attal, but it's totally Macron's fault for putting France in this unstable position, just in time for les Jeux Olympiques.
One expert in French politics told Newsweek that the election has "deepened polarization" in France, while another said that Macron has been left "weakened."
However, the country at the heart of Europe and NATO has been plunged into the uncertainty of a hung parliament with no grouping gaining a majority.
Prime Minister Gabriel Attal, who is planning to resign later Monday, said that France is facing an "unprecedented political situation," the Associated Press reported.
While the move by the left and center to act as a bulwark against the far-right has worked, the gamble by Macron to call an election in the first place has not, according to former French ambassador to the U.S. Gérard Araud.
Sébastien Maillard, associate fellow of the Europe program at London's Chatham House think tank, said that the hung parliament will force French political parties to compromise.
"France will weaken its leadership in the EU should this state of confusion last too long and the country now needs reconciliation after deepened polarization through these snap elections."
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I'd be surprised if this business will not be taken over by another company. It seems like the problem is mainly operational, something that another company should be able fix
Europe
Neu