Industry: Manufacturing Region: Spain Deal Price: $1 million Deal Method: Equity financing
Introduction
This is an indispensable opportunity for Chinese companies and capital. The company's history and brand value contain wireless potential.
With a turnover of 27 million euros in 2019 and 250 employees, the company has 3 properties for sale, including the Pearl factory.
Details:
In 1890, the founder of the brand opened a factory in Spain, and began to process and make pearls into ornaments, which were sold all over the country.
Today, the company has become a must-have shopping item for German and British tourists, all products are made from 100% local processing, and hundreds of stores and counters have opened in major Spanish cities, as well as other European countries, the United States, and Russia.
The company's products are sought after by celebrities from all walks of life, repeatedly set a high price in the auction house.
But recently, the company is facing economic difficulties, has disclosed through the management, will file for bankruptcy proceedings in the next few days, counting creditors, the result of bankruptcy is to sell the company.
The company has been suffering from serious debt and liquidity difficulties for the past five years. Due to this year's epidemic, let the situation worsened, decided to file for bankruptcy, officially put up for sale. Many of the company's current employees are covered by ERTE.
Employees say they are proud of their work and will do whatever it takes to keep the company going for another 130 years. The company explained that it would continue to operate as normally as possible in the coming months.
Now, as the bankruptcy process unfolds, a bankruptcy judge will be in charge of managing the viability of the company under Spanish law.
This news also will cause waves in fashionable dress and adorn article the world, the value of such hundred years brand is not cheap naturally, and brand's public praise and influence in Europe, include distribution to also be very extensive. The brand is decorated with traditional pearls, with prices ranging from a dozen euros to a hundred euros, covering a wide range of customers. While it may not end up being of interest to some of the world's biggest luxury companies, it could become a hot spot for other international "big brand" funds, French fashion industry groups, and even American companies looking to enter the European market.