The future of Taideluola Retreat has looked uncertain for a long time. At the beginning of the year, they were looking for a buyer for it.
On Friday, Tuunaansaari Luola Oy, which owns Taideluola Retreat, filed a bankruptcy petition with the district court.
The future of the retreat has long seemed uncertain. In February, Yle reported that if a new owner is not found soon, the company is threatened with bankruptcy.
In the end, no suitable investors were found despite an active search and several negotiations, the release states.
*The news is updated.*