- A wave of bankruptcies of clothing and footwear chains is sweeping across Europe.
- The court in Kielce declares bankruptcy of the owner of the Active brand offering sports clothing and footwear.
– District Court in Kielce, 5th Commercial Division, Bankruptcy and Restructuring Section, ul. Warszawska 44, 25-312 Kielce, announces that by the decision of June 18, 2024 issued at a closed session in the case of declaring bankruptcy of the debtor, ACTIVE MG SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ, decided to declare the debtor bankrupt – we read in the decision.
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A traditional footwear company announces mass layoffs
Active MG is bankrupt
The court calls on Active MG's creditors to submit their claims to the trustee via the IT system supporting court proceedings, within thirty days from the date of announcement of the decision.
TS RESTRUKTURYZACJE will act as the trustee.
Another chain of sports clothing and footwear stores in trouble
Active is a brand of sports stores offering clothing and footwear from brands such as adidas, Nike, Puma and Reebok. The company also runs an online store. According to data from the company's website, the company had stores in many large shopping centers, including: in the Focus Mall shopping center in Piotrków Trybunalski or the Posnania shopping center. According to the company's website, there were a total of seven such points.
ACTIVE MG started operating in the sports industry in 1998. It was then that the first stationary store was opened in the center of Kielce. The company started selling online in 2008.
In the 2022 financial year, ACTIVE MG achieved net revenues from the sale of goods of PLN 9.8 million, while incurring a loss on sales of PLN 6.3 million. Compared to 2021, sales revenues decreased by approximately 57.7%. The company's net loss for 2022 amounted to PLN 7 million.
Analyzes conducted by the Central Economic Information Center show that in the first quarter of 2024, 112 company bankruptcies were published in the Court and Economic Monitor and the National Register of Debtors.
When it comes to sectors of the economy, most proceedings concern entities dealing with industrial processing – 20.54% and trade – 16.96%.
