Fair & Goodthe low-cost supermarket chain that has been in the country since 2016continues in the panorama and it is still uncertain if it will be able to save itself from the definitive liquidation.
Since April of this year, the crisis that the company was going through was made known, after its workers undertook different protests in Bogotá due to the lack of payments in leases and salaries. A month later, the supersocieties ordered the settlementa measure that even the company itself requested, since it was unable to find the financing it expected from a new investor.
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This time the Superintendency of Companies has indicated that “Times have expired“that were opened at the hearing on May 12, when options were opened for financial rescue proposals to arrive.
Despite the fact that the entity had ordered the liquidation of the company, it also opened a period of 30 days for new offers to be presented to save the company. Although the media has talked about two proposals that have come to cover the debt of Justo & Bueno, according to Supersociedades, these have not yet materialized.
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There is only one week left for solid proposals to arrive and clearly state that they are willing to contribute capital to save the company. “All times have expired and it is time to decide the future of Justo & Bueno,” Superintendent Billy Escobar said in an interview with the newspaper El Tiempo.
Until now, one of the most notorious proposals is that of Lobbying & Consulting, which last Thursday, July 14, indicated through a statement that “on behalf of the creditors we represent and with the permanent accompaniment and advice of the firm Deloitte, We ratify the intention to present a capitalization offer and contribution of new capital for the rescue of the company Mercadería SAS, fully accepting the provisions of Decree 560 of 2020″.
After the crisis, there are currently 5,300 workers who are waiting for their debts to be paid off. According to Supersociedades, the company owes more than $1.7 billion.
