supplier files for bankruptcy; The company says it has “verified bankruptcy”

a tock and stock Domus Aurea Serviços de Tecnologia, a supplier to the retailer, said, according to O Globo, that the company has “checked bankruptcy” and “it is necessary to declare bankruptcy.”

The supplier, represented by Monteiro de Castro Setogui Advogados, claims a debt of R$3.811 million, according to the publication, which claims to have seen the process filed before the Third Bankruptcy and Judicial Reorganization Court, in São Paulo, on the 18th of last month. April.

Domus claims that Talk and Stock did not pay three of the premiums signed in the R$26.385 million contract (which would add up to R$3.811 million) and requires the company to deposit the total amount plus cash correction, interest and fees, according to the publication. .

The company has not publicly commented amid store closures seeking a financial restructuring.

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Tok and Stock are in crisis

In February, the company drew attention to its financial fragility when Vinci Logística informed shareholders that it had filed an eviction suit against the company for non-payment of rent.

That month, Tok & Stok hired A&M (Alvarez & Marsal), one of the country’s major restructuring firms involved in Americanas’ judicial recovery (AMER3) to carry out the financial restructuring — the process of which had worsened credit conditions for retailers.