Labor Minister Gloria Inés Ramírez announced a bailout to save nearly 6,000 jobs, following the company’s judicial liquidation process Fair & Good. The head of the portfolio announced this during the political control debate in the Seventh Committee of the House of Representatives on the validity of the budget of the Ministry of Labour by […]
Tag: Fair & Good
They will suggest to try Justo & Bueno. to save
To save Honest and good merchandisethree funds represented by the company Deloitte are waiting to submit a proposal to the Supervision of companies. the investor Alfonso Giraldo stated by means of a statement that the offer for capital contribution will be submitted to the super societies when determined. “To provide continuity to the work that […]
Justo & Bueno requested opening of liquidation process with Supersociedades
On the night of May 10, Mercadería SAS Justo & Bueno, through its special attorney, filed a request to open the judicial liquidation process of the company before the Superintendency of Companies. The previous request was made because no funds had been posted to the SAS Merchandise accounts and no news had been received that […]
Justo & Bueno Get Resources To Pay Off Their Debts
The new owner of Honest and good, JF Capital International Limitedindicated that the retail chain will receive some funds by May 10 at the latest to be able to cancel its debts related to the economic crisis that it is currently presenting. At the same time, they are celebrating the new owner’s vision to extend […]
Justo & Bueno Presents $135 Billion Cash Shortage
The company Mercadería SAS (Justo & Bueno) is running a cash shortfall of $135 billion, just from the administrative costs of the reorganization. In addition, it was revealed that of the 1,118 stores that exist nationwide, only 603 are operating. In addition, the reduction in the number of staff working there, among other assumptions that […]
Supersociedades will evaluate Justo & Bueno’s default
The Superintendence of Companies has announced that it will evaluate “a situation of non-compliance” by the creditors and the promoter of the company Mercadería SAS (Justo & Bueno) in the regular focus on all liabilities after the reorganization. This announcement comes a few days after it became known that the Chinese investment fund Joining Futures […]