Everything has to go. The bankrupt Pietro Filipi is launching a collection sale in Prague
Probably one of the last ways you can get a complete collection of the Czech clothing brand Pietro Filipi is offered by the Fashion Arena Prague Outlet shopping center from Monday. One of the two stone shops of the Pietro Filipi Collection was opened in it. The goods are offered with up to a seventy percent discount from the original retail prices.
“The Pietro Filipi brand store has been very popular among our customers since its opening, ie since 2007. We believe that even now everyone will return to it for bargain shopping,” says Veronika Tebichová, leasing director of the outlet center, about the reopening of the store.
The second place where it is possible to collect Pietro Filipi to buy is a store in the center of Prague at Národní 31. The main task is the complete sale of goods of this Czech brand, which entered insolvency proceedings at the beginning of this year under the management of Michal Mička and his C2H group. .
According to Forbes, Pietro Filipi has goods in stock with a cost value of 100 million crowns. In recent weeks, the sale of goods has been authorized by the insolvency administrator with a credit committee, which includes Česká spořitelna and RINA-K and Pardubice’s Modela.
The company has been in bankruptcy since February, and due to the severance of its business and supply ties, the creditors’ committee decided on the bankruptcy of brands and the sale of assets, including trademarks.
The process of selling trademarks should start as early as August, although part of the creditors’ committee wants to postpone it to September.
Michal Mička bought the Pietro Filipi clothing brand in 2017 from businessman Petr Hendrych, a year later he joined Kara Zdeněk Rinth. At the turn of the year, both companies went into insolvency, when they were definitively broken by the conclusion of transactions during a pandemic, combined with bond financing of companies.
To date, creditors have registered receivables amounting to almost a billion crowns. Mička himself went into insolvency in May, with debts in excess of 120 million.
