Overview
- Owoko’s two companies, De Niños and Kokoloko, entered insolvency proceedings after Commercial Court No. 9, led by Judge Javier Cosentino, opened their cases.
- The court filings list more than 2.8 billion pesos in total liabilities, with De Niños owing 1.457 billion pesos and Kokoloko 1.354 billion across bank, tax, social security, supplier and labor debts.
- Payment failures are extensive, with about 1,400 rejected checks at Kokoloko worth roughly 600 million pesos and 164 at De Niños worth 117 million, and some suppliers have filed for the company’s bankruptcy.
- Reported revenue fell from an average 400 million pesos per month in 2024 to 250 million in 2025, leaving unsold stock that the company says it could not place as demand weakened.
- Operations have shrunk, with closures in major malls such as Abasto, Galerías Pacífico, Recoleta Mall and Alto Avellaneda, and the group now reports 39 registered jobs after employing about 120 at its peak.