At the end of January, the food giant Picard went bankrupt. The reason behind the bankruptcy was several years of reduced income and operating losses in the business, something like News24 wrote more about.
A sale of the food items that are still in the stores is ongoing until February 22 in Stockholm.
The food giant declared bankrupt – here are the stores affected
Couldn’t afford to pay off his debts
The trustee’s report, which is the story where you give a background and reason for the bankruptcy, will take up to six months, according to the bankruptcy trustee Lars Lundberg, at the agency 7Wise, writes Grocery news.
But he can already say that the company did not have the money to pay off its debts, which is one reason for its bankruptcy being granted.
– That the company is insolvent is a prerequisite for bankruptcy to be granted, he says Grocery news.
Lars Lundberg considers it unlikely that the business can be sold on in its entirety and continue to live.
– No, I don’t think there are conditions for the brand to remain.
Photo: Lionel Cironneau/TTIt happens with old premises
In its heyday, the company had 15 stores. At the time of bankruptcy, the total number of stores was six, four of which were in Stockholm.
The company owns no premises, but has leases at addresses that are very attractive in Stockholm’s inner city, which has made many interested.
– There has actually been a lot of interest in the premises, especially in Stockholm. There are some interested parties who want to take over existing leases, and there we can hope that we can find agreements, says bankruptcy administrator Lars Lundberg to Dagligarunytt.
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