Yesterday was announced that the fashion brand Mexx, which went bankrupt in December of last year, has been taken over by Turkish retailer Eroglu. A team of AMS, headed by Marco Guit and Hidde Reitsma advises Eroglu in this transaction. Eroglu owns 700 stores in 38 countries, during the restart. During a restart after bankruptcy the assets are purchased with an assets transaction of the trustee.
Prior to the transaction, there’s often fierce negotiations going on. In order to make a restart successful, the restart itself needs to occur shortly after the bankruptcy. Needless to say this was an urgent matter.
More information on the Mexx restart:
You can find more information Mexx’s restart here:
