Coronel Tapiocca, the bankrupt Spanish chain of travel and adventure stores, has agreed to reduce the number of its stores in Spain, Portugal and Italy by 50 percent to only 40, resulting in the dismissal of 104 employees throughout the chain. The measure is intended to obtain the agreement of its creditors to a refinancing of its debt of €52.2 million. The chain already laid off 14 percent of its staff last year.
