Home Plus to declare bankruptcy

The well-known store chain Home Plus is going into bankruptcy, which is why their outlets at certain shopping malls have been closed, Vecernje Novosti writes.

According to the daily, the creditor has filed the request for the launch of the bankruptcy proceedings to the Commercial Court, and the company’s bank accounts are frozen.

All the consumers who have bought products from Home Plus stores and are waiting for them to be delivered are most probably going to lose both the goods and the money.

The National Organization for the Protection of Consumers of Serbia points out that this is a very unfavourable situation for the buyers, because the usual procedure in all bankruptcy proceedings is that creditors have to settle their liabilities first, before consumers do.

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Looking at the official data, it is clear that the company has been in trouble for years. According to the APR data, the company has not submitted a financial report for 2019. In 2018, it reported it had 220 employees and generated a profit of 824,000 dinars. In 2017, it had 269 employees and a profit of 3.1 million dinars. The profit in 2016 was 48.8 million dinars.

To remind, the company was renamed from Home Centar into Home Plus in 2017, when they also announced the opening of new stores throughout Serbia.

(Noizz, 18.11.2020)




This post is also available in: Italiano

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