The decide provides Bristol 3 months to remain above water

The courtroom in Hasselt has accepted the request for authorized reorganization of Euro Shoe Group (Bristol shoe shops). The household enterprise has 3 months to discover a purchaser. If this doesn’t work, the safety towards collectors shall be lifted and the Beringe household enterprise can nonetheless be declared bancrupt.

As introduced earlier this week, the administration of Euro Shoe Group (Bristol) has requested safety from collectors. Together with different measures, resembling inventory gross sales, this could give the corporate some monetary stability. And that’s essential to persuade the possible prospects. As a result of, as CEO Elise Vanaudenhove says. The curiosity is especially within the strategic buy factors, which could be tailored to the model of the client.

After an in depth evaluation of the request, the courtroom in Hasselt has dominated that 3 months of safety needs to be sufficient to discover a purchaser or discover one other resolution. The GRP3 course of ends on September 7. It’s hoped that there shall be a fast outcome, particularly for round 1,000 staff (each our personal staff on the payroll, staff in franchise departments and Dutch stakeholders).