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Trip
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The hook on the door for 49 stores.
"We have no way to get in, so it means the shops are closing and the employees are losing their jobs in the prime minister," said Prime Minister Håvard Wiker, CEO of Nettavisen.
PM Retail went bankrupt in October. Since then, he has worked hard to find a new owner of the chain.
Read also: The chain of the PM chain is bankrupt
Closes on Friday
The hope was to avoid closing the 49 stores, so that the 302 employees in the chain would not be left without work.
Read also: Bob leads the cards in PM: – It's a tough time
Now, however, there is hope for the chain.
Hans-Petter Bjarøy of Bankruptcy Management Company Bjarøy AS, who is assisting mortgage brokers during the bankruptcy of the Prime Minister, confirms the closure of the chain stores this week.
"We closed most of the shops on Friday, so it's possible that someone else will stay open on Saturday, but that's the last day," Bjarøy told Nettavisen.
It also means that employees lose their jobs in the clothing chain. There were 302 people working in the PM going bankrupt.
Read also: Ørnulf Høyer tracks discounts, resale sales and many discounts in the apparel industry
Jobs for everyone
Bjarøy points out, however, that some retail premises can be taken over by new owners who wish to do so.
"It is possible that there is a solution for some sites, but it will not be like the PM," Bjarøy said.
Read also: Ola Mæle: – There are many bankruptcies
Since the bankruptcy, the employees, according to Ringerikes Blad, receive a salary via an interest-free loan from DNB, which allows them to sell the rest of their stocks at the end of November.
The PM is now selling heavily discounted clothing. Last week, everything is 80% done to get as many items as possible before closing the doors.
The newspaper has also been in touch with a dozen PM stores, which confirms that Friday is the last day of opening.
Wanted a new owner
In early October of this year, it was learned that the Prime Minister had gone bankrupt after several difficult years.
However, we expected that they find a new owner of the chain. However, this proved impossible. Later in October, the trustee Håvard Wiker gave up, that is to say that he lifted the seizure in bankruptcy. Then it was put on sale and sale
"Although it is still possible that there is a solution for a later operation, but it does not look like this at the moment.It is against the closing of stores and the fact that PM employees do not want after the sale, said Wiker at Nettavisen.
In 2012, the acquisition fund acquired the company with FSN capital and was appointed chairman of the former chairman and CEO of Orkla, Dag Opedal. However, the development was not as expected or hoped.
"He has worked hard with various solutions in the company, the board of directors, the bank and with us as owners." The owners and lenders have brought new capital during several rounds during in recent years, but unfortunately we have not achieved our goal, "said Eskil Koffeld, FSN Capital Partners' representative, investment advisor to FSN Capital III.
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