Pietro Filipi's trademarks were not sold in the second tender either

Even the second attempt to sell the trademarks of the bankrupt clothing company Pietro Filipi was not successful. This follows from the report on the state of insolvency proceedings published in the insolvency register. No candidate met the conditions of the first round of the tender, which was closed at the beginning of April. No one offered the minimum required price of CZK 13.7 million. The insolvency administrator Lukáš Vlašaný asked the tender mediator, Gaute, to supplement the report on the course of monetization of trademarks. He will then submit to the creditors' committee a proposal for the further sale of the stamps.

The second tender for the sale of Pietro Filipi's trademarks began on the public website on January 31, the first round ended on the evening of April 6. Each potential applicant had to pay a deposit of CZK 1.5 million. Another meeting of creditors, the agenda of which is to discuss the results of the tender, was convened by the Municipal Court in Prague in March on 25 April.

The insolvency administrator offered the trademarks for sale last year, but the creditors did not accept any of the offers and decided to announce a new tender. Some creditors did not like that even the highest offer did not reach the value set by the expert, namely CZK 15.6 million. The highest bid was then made by S.E.H. Private Equity, which was willing to pay nine million crowns. Martin Hes, a member of the company's board of directors, previously told ČTK that he would not participate in the new tender. According to him, the creditors' committee, or the largest bank-secured creditor, enforced massive sales and thus devalued the Pietro Filipi brand. "Stamps for us are already worth millions of crowns," he said.

In the first tender, the online retailer Zoot, which is part of Digital People of the Natland investment group, also applied for trademarks. Across e-commerce from Across Private Investments acquired a majority stake in Digital People a few months ago. Natland previously offered CZK 2.5 million for the stamps. The last person interested in stamps last year was the company PF Fashion, in which the clothing company Ozeta, a former partner of the Penta group Jozef Špirek, is a partner. She was willing to pay CZK 3.2 million.

The Pietro Filipi brand has been operating on the Czech market since 1993, but the company later struggled with debt. In 2017, entrepreneur Michal Mička bought an 80 percent stake in it, and in 2019 he acquired the remaining 20 percent. Due to the coronavirus pandemic and the forced closing of deals, Pietro Filipi went into insolvency. Last May, the Municipal Court in Prague decided to declare bankruptcy.

Source: CTK