Merchandise, parent company of the chain of low-cost stores Justo & Bueno, announced that it filed through its special agent a request to open the judicial liquidation process of the company before the Superintendency of Companies.
(You can also read: Justo & Bueno: preventive closure of its stores and distribution centers)
The request is due to the fact that there was no entry of resources into the company’s accounts and no news was received that any third party had made payments of administration expenses on the date that had been publicly announced.
And it is that yesterday the deadline expired for Justo & Bueno to catch up with the more than 135,000 million pesos that are owed to employees, banks, landlords, suppliers and the Dian, among other creditors.
Y lThe directors trusted that the Chinese fund JF Capital International Limited, which had bought them on March 29, would provide the resources to settle the commitments. However, this did not comply and Justo & Bueno also announced that it will preventively close its stores and distribution centers.
(You can also read: Justo & Bueno: more than 800 stores do not open their doors to the public today)
It is our duty to request the opening of the
process, acting responsibly before
creditors, authorities, society,
and to those who have benefited from this model
“We deeply regret that the payment has not been made as promised by the new owner to the collaborators, landlords and creditors. By virtue of our unfeasibility analysis, it is our duty to request the opening of the process, acting responsibly before the creditors, the authorities, society, and to those who have benefited from this model that seeks to improve the quality of life for families,” the company said in a statement.
In addition to this, the company filed before the Supersociedades the sale agreement of HD Colombia SA, parent company of Merchandise, with the company JF Capital International Ltd.
“We do not understand what could have happened with the announced entry of resources into the country. We hope that JF Capital, as the new owner of Justo & Bueno, will make a public statement,” the company said.
In total, Justo & Bueno owes its employees about 42,000 million pesos, in leases the pending obligations add up to about 35,000 million, in renting contracts they are about 19,700 million, unpaid tax obligations add up to about 17,100 million pesos, while in other expenses the arrears exceed 20,600 million.