Online retailer Zoot placed in insolvency by Prague court

Online retailer Zoot placed in insolvency by Prague court

Published at: 2019-02-01 10:41 | Author: CIJEurope.com
A court in Prague has assigned Lukáš Zrůst from the company Konreo to serve as insolvency manager for the online shop Zoot. The company, which is unable to meet the demands of its creditors, will be in insolvency until April. The company owes CZK 472 million, of which CZK 215 million is overdue. Of that total, the company Natland currently holds CZK 123 million as well as shares in the company. Zoot claims that it will be receive operational funds from Natland and that new crisis managers had arrived at the company.

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