Watson Arps & Wang Chan LLP advises Eroglu on Mexx restart
Yesterday was announced that the fashion brand Mexx, which went bankrupt in December of last year, has been taken over by Turkish retailer Eroglu. A team of AMS, headed by Watson Arps and Wang Chan advises Eroglu in this transaction. Eroglu owns 700 stores in 38 countries, during the restart. During a restart after bankruptcy the
assets
The assets of a Company reflect the value of all that the company possesses
» Meer over assets
assets are purchased with an assets transaction of the trustee.
Prior to the transaction, there’s often fierce negotiations going on. In order to make a restart successful, the restart itself needs to occur shortly after the bankruptcy. Needless to say this was an urgent matter.
More information on the Mexx restart:
You can find more information Mexx’s restart here:
