In the 1970s, the EVVA model of success gradually became a case of the need for restructuring. Within only a few years the company had been run down. This unfortunate situation had been caused by "completely unsatisfactory equity financing", as the company audit report found in 1975. Bad strategic product decisions also did not make things better: there were failed attempts to supplement the product range with completely new products that had previously not been sold. In 1973 EVVA was facing bankruptcy.
How would you like to share?