Marypaz, a Seville-based footwear brand owned by Crocera Mors and currently navigating a creditor-led insolvency process, has announced plans to close its 54 stores, including its online operation, and to terminate 276 employees, according to a statement released by CCOO and circulated by Agencia EFE.
Following the insolvency filing in the Sevilla Commercial Court in May—the third time the company has entered this procedure—the appointed insolvency administrator has informed staff of the plan to initiate a collective dismissal process at Crocea Mors. The consultation period for this ERE concursal began on August 2, signaling a formal step in restructuring efforts.
The documents presented to unions during the consultation phase attribute the store closures and the staff reductions to a sharp deterioration in demand for Marypaz products and rising financial losses. Modaes notes that the company carries a debt load exceeding 20 million euros, underscoring the severity of the financial position.
The union has also reported that an offer from a potential buyer could allow for the retention of a portion of the Marypaz workforce, suggesting some employment might be saved if negotiations advance favorably. However, CCOO emphasizes prudence to maintain momentum in the ongoing discussions and to safeguard the process while exploring viable alternatives.
CCOO has expressed concern for the employees involved, noting that there have been three creditor-declared insolvencies and three workforce-reduction procedures filed since 2020. The union pledged to monitor every development closely to ensure that the rights of the workers are fully protected throughout this challenging period.