PlanetAxel Goes Bankrupt, Announces Closure

, formly Axel Music, has today announced that the company has gone bankrupt and that the online store will shortly be closing down with all current orders being cancelled unless they are in the ‘dispatching’ or ‘shipping’ process.

The news comes direct from Rasmus Christiansen, the General Manager at PlanetAxel, who posted this statement on the websites front page. is no more!

It is with great sadness, deep regret and utter embarrassment that we announce the closure and bankruptcy of

On Monday afternoon, June 18th, 2012 the board of directors have informed us that no further investment will be made in the company. This comes in light of the recently finished 2011 financials which showed such an insurmountable deficit and loss to company value that a swift decision was made almost overnight. We have been asked to provide a quick summary/FAQ of your options as a previous customer of with respect any outstanding orders/refunds. Read more of this post