Empik denies its bad shape

Empik Media & Fashion (EM&F) denied the recent news about the company's poor financial standing, the firm stated in a press release. "The board ... operating under the approval of the main shareholders, Penta Investments and Eastbridge Group would like to deny speculations about the alleged poor financial standing of EM&F group and its subsidiaries published in the press and digital media lately," the company informed. EM&F added that it had obtained funding for the next three years.