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31 Jan – 4 Feb 2018
As reported by Børsen, the agreement, which Salling has entered into with the bankruptcy estate’s curators, allegedly involves both the acquisition of Fätter BR’s inventories, trademark rights and the acquisition of a number of the stores in Denmark.
Salling’s communications director, Mads Hvitved Grand, originally neither confirmed nor denied the deal when asked by reporters.
The acquisition is likely to be welcomed by creditors who are currently waiting to receive some of the money owed to bankrupt Top-Toy. However, the Danish Competition and Consumer Agency must first approve the deal before it can proceed.
The online store Coolshop was reported to have expressed interest in acquiring BR’s inventory and stores. Owner Jacob Risgaard allegedly offered DKK 65m, but it was not enough to secure a deal.