Through a statement, Olímpica SA announced the creation of an emergency fund for $1,000 million pesos to support people affected by the liquidation of Mercadería SAS, including former employees, suppliers and owners of the premises, in which the chain operated. Fair & Good.
In that same document, Olímpica SA reported that, in alliance with Plan B Investments SAS, they are structuring a new concept of hard discount stores in Colombia, and will have resources of the order of US$60 million to guarantee the growth and consolidation process of the new chain of stores, for which they are working hard with various interest groups interested in the business, which suggests that it might emerge as the ‘salvage table’ of Justo & Bueno.
“Since last Thursday, August 4, the date on which the definitive liquidation of Mercadería SAS was declared, different plans and actions have been managed with a view to ensuring the start of commercial activities in satisfactory conditions, and above all with an attractive value proposition. that will make the customer’s shopping experience pleasant, offering an adequate portfolio of products from the family basket, with very affordable prices and high quality”, the statement noted.
Depending on the number of stores with which operations begin, Olímpica SA estimates that at least 3,000 jobs would be recovered, just as hundreds of suppliers, mainly SMEs, would benefit through recurring purchases, and which also generate around 10,000 jobs.
As these processes progress, complying with the liquidation rules, we will report on the consolidation of these initiatives that aim to protect the company and employment.
BRIEFCASE