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An application for bankruptcy due to significant and lasting annual financial losses has been filed in the United States by Links of London, a subsidiary of Folli Follie.
In particular, as previously announced by the FF Group, its US subsidiary Links of London, Inc. has made a voluntary application under Section 7 of the United States Bankruptcy Code to the United States Bankruptcy Court. United. for the District of Delaware). The international activities of Links of London are continuing and are not affected by this application for bankruptcy in the United States of America.
The Links of London, Inc. has filed for protection under Section 7 because of significant and lasting annual economic damages. The FF Group supports this decision as part of its ongoing restructuring aimed at its development and the benefit of all its activities.
The Links of London, Inc. respects its commitments to ensure the well-being of its employees up to now and has discharged all its financial obligations to them. The FF Group will continue to serve its consumer brands through the online store www.linksoflondon.com and www.follifollie.com.
Although Links of London, Inc. is in bankruptcy proceedings, the Group subsidiary in Canada will continue to operate smoothly.
The FF Group wishes to express its appreciation of the commitment and dedication of its employees to America, its employees and suppliers, and expresses its sincere support for the consequences of this development. In total, 6 points of sale and 9 stores in store must be closed.
The Links of London, Inc. will work with the Trustee in Bankruptcy throughout the process to ensure its regularity. The Links of London, Inc. works at the advisory level with Joseph Barry of Young Conaway Stargatt & Taylor, LLP.
Former workers, suppliers and badociates may obtain more information on Links of London, Inc. in Section 7 via the [email protected] email address.
This notice is published in accordance with the relevant provisions of Regulation (EU) No 596/2014 concerning the obligation of the issuer to disclose inside information about it.
Source: www.newmoney.gr
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