Overview
- Argentina’s National Commercial Court No. 7 ordered the company’s dissolution and transfer of assets to a court-appointed trustee after repeated rescue bids failed.
- The final three Buenos Aires outlets in Belgrano’s Avenida Cabildo, Uruguay Street by the courts, and an Almagro outlet have closed, and remaining stock is now sold only in person with limited or uncertain guarantees.
- Creditors that include banks, suppliers, former employees, and customers with purchase documents can submit claims until June 24 as the trustee verifies the debt pool.
- Assets slated for sale include the idle Tecnosur and Digital Fueguina plants in Tierra del Fuego, with the Garbarino brand under review for a separate preservation and potential sale process.
- The trustee reported very low recent sales and about 1,600 items left in stock, much of it outdated or worn, which signals modest recoveries and smaller payouts to creditors.