The companies Restcafe and Franquicias y Concesiones -owners of the brands Oma and Presto Coffeewere admitted in the business reorganization process by the Superintendence of Companies.
This acceptance is given after verification of the compliance with legal assumptions and requirements necessary for admission to the process.
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“Our superintendency is committed to the recovery of companies that face economic difficulties, but that are committed to their rescue and strengthening through an agreement that allows regularizing their credit and commercial relationsthus safeguarding employment and boosting the country’s economy,” said the Superintendent of Companies, Billy Escobar.
the high inflation, cost of inputs, rising interest rates and the impact on consumption, put Restcafe and Frayco in a difficult situation and that is why they decided to enter into a reorganization process.
Taken from the Fundadores de Manizales Shopping Center website
Consider that this process necessary to protect business continuity and employmentand in this way continue betting on the country as they have done during the last four decades.
“With this legal decision, companies seek to meet their obligations to their suppliers, creditors and lessors to consolidate as trusted strategic allies and, in this way, continue bringing quality products and the best service to their clients at a national level”, he said last June.
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Wilson Vizcaíno / Archive EL TIEMPO
Now, Restcafe and Frayco must update the inventory of assets and liabilities, and the promoter designated by the Supersociedades must present a credit rating project.
It is important to point out that the business reorganization process seeks to debtors who avail themselves of its protection manage to restructure their liabilitiesas well as design strategies to achieve efficiencies that allow its recovery
economic.
