Industry: Manufacturing Region: Spain Transaction Price: USD 1 million Transaction Method: Equity Financing
Project Overview:
In 1890, the founder of the brand opened a factory in Spain, and began to process and make pearls into jewelry, which were sold all over the country.
The company's products are sought after by celebrities from all walks of life, and have repeatedly hit high prices in auction houses. However, recently, the company is facing economic distress. It has been revealed through the management that bankruptcy proceedings will be filed in the next few days, and creditors will be counted. The result of bankruptcy is to sell the company.
It is reported that for nearly 5 years, the company has been in severe debt and liquidity difficulties. Due to this year's epidemic, the situation has worsened, and it has decided to file for bankruptcy and officially listed for sale. Many of the company's employees are currently under the provisional employment regulations ERTE.
Employees say they are proud of their work and will do their best to keep the company going for another 130 years. The company also explained that it will continue to operate as normal as possible in the coming months. Now, with the insolvency proceedings unfolding, a bankruptcy judge will be responsible for administering the company's insolvency feasibility plan, as stipulated by Spanish decree.
This news will also cause waves in the fashion and accessories industry. The value of such a brand is naturally high, and the brand has a good reputation and influence in Europe. The brand is embellished with traditional pearls, with prices ranging from a dozen euros to hundreds of euros, covering a wide range of customers. Although it may not be the target of interest for some well-known international companies, it will become a hot spot for some other international "big brand" funds, French fashion industry groups, and even American companies that want to enter the European market. For Chinese companies and capital, this is an indispensable opportunity. The company's historical precipitation and brand value contain wireless potential. The company's turnover in 2019 was 27 million euros, with 250 employees, and the company has 3 properties for sale, including a pearl factory.
Cooperation intention
Please contact us if you are interested.