Imaginarium presents bankruptcy with over 20 million debts

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imaginary finally presented this thursday Social Court number two of Zaragoza, according to the information given by the company sources to this newspaper, made a request to be declared bankrupt voluntarily. toymaker from Aragon, 23.5 million euro accumulated debt at the end of the 2020-2021 fiscal year, wore almost two years late This is the step he had to take in the face of economic problems. made the last day moratorium by the Government, which exempts struggling companies from the obligation to initiate such a process. mitigate the effects Pandemic.

They reiterated that entry to the contest from Imaginarium is for the following purpose. to give “continuity” to the company, not to shut it down. Despite this difficult situation, company executives assure that they are trying to reactivate their depleted commercial networks with the opening of eight new own stores in Spain by the end of the year. All this with desire To be reborn from the ashes. The statistics of these processes do not play in favor of this desire, as 90% of cases end in liquidation.

The toy chain, which is celebrating its 30th anniversary just this year, recently reduced to minimum expression. 426 stores were distributed in 2013 In more than 20 countries and over 800 workers. Only crumbs remained of him. After closing most of its establishments and cutting more than 90% of its workforce, It has nearly twenty employees and nine organizations (two of its own and seven franchises).

company for two years pre-competition situation — From 3 September 2020–. Without the moratorium, he would have had four months to implement a cleanup plan or otherwise submit the mandatory contest. The delay hurt 200 workers dismissed without severance pay in 2020 and 2021, placement and salary for the last month. By not suspending payments, they could not recover some of the amounts owed through the Social Guarantee Fund (Fogasa).

So some of those affected — CCOO Aragon Service Federation— preferred go to court to be able to process your requests with the consent of this jurisdiction. So far this year, two Social Courts five and seven in Zaragoza and one Social Court in Vitoria, “temporary bankruptcy” company of up to 15 cars. As of today still 40 workers who could not collect from Fogaza.

“We regret that the company waited until the last minute to present the competition. The current administration has limited itself to doing the easy thing this time, liquidating things and not incurring the cost of it,” he complained. Martha LaiglesiaThe secretary of the Aragon CCOO Service Federation said, “We hope, bankruptcy administration, a new opportunity for the brand to once again become a reference in the toy industry and the company can be continued without liquidation,” he said.

The chain that becomes a chain world leader with its pioneering educational toy concept, It was already on the verge of disbanding five years ago, but was avoided when it was bought by a group of international investors led by him. Federico Carrillo Zurcher. This Costa Rican lawyer is now alone in business venture. Since the beginning of the year, almost all of the shareholders (99.94%) have been acquired.

In search of survival

The company has changed the location of its only two establishments within the borders of the country. Zaragoza and La Coruna. In the case of the Aragonese capital, their building in the Aragonia shopping center closed at the end of May, opening on Calle León XIII at number 23.

In the company they are convinced that yes possible to survive. They say the key to achieving this is to once again increase the presence in physical trading, in addition to the “active search for investors” conducted by Federico Carrillo. This strategy includes the opening of nine sales points in Turkey. Greece join hands with Lapin House, the children’s fashion distributor at the airport. Athens. It also reactivates its existence. Turkey through a main franchise that opened one store and plans to open another before the end of the year.

They assure the toy company that the “priority” is to re-grow in Zaragoza, where they are counting on the short-term opening of one or two stores in addition to the newly relocated store. The company’s goal is to close the year with ten establishments it has established in Turkey. Spain.

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