Reorganization of Fedco's Business – Business – Economy

The chain of perfumeries and cosmetics that Fedco asked the Superintendency of Companies to be admitted to the reorganization of business, claim accepted by the control body.

The petition was filed directly by its legal representative and admitted by the delegation for the insolvency proceedings. According to information provided by the company, its debts maturing more than 90 days amount to nearly 42,000 million pesos, or 15% of the total value of the debt.

Fedco's legal representative is required for the next 10 days, an update of the inventory of badets and liabilities, substantiated in a statement of financial position, of comprehensive income and notes to financial statements. financial statements, signed by the legal representative, the accountant and the financial controller. the Supersociedades warned Fedco that it would not be able to provide collateral on the debtor's badets or make payments or arrangements related to its obligations, nor to adopt any legislative or regulatory reforms. movements that involve actual or potential disbursements. advanced with the help of the Superintendency of Enterprises, companies can begin negotiations with their creditors to secure an agreement that allows them to remain a productive unit and a source of job generation ", said Superintendent Francisco Reyes, when he pointed out that Fedco employed 400 people

ECONOMICS AND BUSINESS