Redan filed for bankruptcy: Known Poland the company submitted two applications to the District Court for Łódź Śródmieście: for opening accelerated arrangement proceedings and o declaration of bankruptcy. “By analyzing the effects of the actions taken and Redan's assets and liabilities, the management board assessed that the most advantageous solution from the point of view of the Company's creditors is to carry out its organized liquidation,” we read in the release. At the end of August, group layoffs were reported, which were to cover a maximum of 20 employees.
Rescue actions were taken: Redan announced in a statement that he had ceased his activity in the clothing trade, among others.incl. sold protection rights for trademarks “Top Secret” and “DryWash”. He used the funds obtained in this way to repay liabilities, including: credit banking. Some of them were also intended to “build a profitable business in the field of logistics services”. They were transferred to the subsidiary Redan FulFillment. “This should ensure that the company will be able to conduct profitable operations,” the release said. A preliminary creditor repayment plan was also presented.
What company is this? The Redan company was established in 1995 in Łódź. From the very beginning operated in the clothing industry. She became famous primarily for managing the Top Secret fashion brand. She conducted logistics operations for the company (purchase of goods from suppliers, storage in the warehouse, customs clearance, packaging before shipment to shops or customers, etc.) and sold Top Secret products to foreign customers.
Read also: “A Polish company taken over by a German giant. There's a deal“.
Sources: redan-fulfillment.pl, banker.pl