Troubled Hungarian clothing company up for sale again - newspaper
Hungarian clothing company Styl Ruhaipari, which has been under liquidation for more than six years, will be offered for sale again within weeks, business daily Napi Gazdaság said on Wednesday.
A consortium of Styl's biggest business partners could buy the company, Jenő Varga, who heads liquidator Vectigalis, told the paper.
Among the brands Styl supplies are Louis Feraud, Berwin, Dormeuil, BML, Bogner, Baumler, Barbour, Dolce & Gabbana, St Emile and Carven.
With some investments, Styl could operate profitably in the long term, Varga said.
Styl employs 800 people at present, down from more than 1,500 earlier. Last time the company was offered for sale, the asking price was HUF 770 million. Styl owes lenders more than HUF 900 million.
ADVERTISEMENT
KSH Dismisses Reports of Eurostat 'Investigation'
Hungarian-American Business Chamber Established in Chicago
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
