Locked content Próchnik files for bankruptcy, awaits restructuring ruling

Clothes producer Próchnik filed with the District Court in Łódź for the bankruptcy of the company – Próchnik informed in a statement. At the same time, the Management Board requests that the application be withheld until the court issues final ruling regarding the company’s earlier restr...

Locked content Próchnik with PLN 64.5 mln loss in 2017

Men’s clothing retailer Próchnik recorded a net loss of PLN 64.5 million in 2017, compared to PLN 2.81 million loss a year earlier, the company informed in a market filing. Operational loss came in at PLN 58.58 million, against PLN 4 million loss in 2016, while EBITDA stood at PLN -56.14 million (PL...

Locked content Próchnik to sell Rage Age brand, focus on e-commerce

Clothing company Próchnik has presented the details of its restructuring plan, which includes focusing mainly on internet sales and reducing its range to center on the production of outerwear. The company is also planning to sell its Rage Age brand. “The Próchnik brand must definitely return t...

Locked content Próchnik files restructuring motion. Plans to sell Rage Age brand

The management board of WSE-listed fashion retailer Próchnik filed a restructuring request to the district court in Warsaw. In it, Próchnik outlines the plan to sell its assets not directly necessary for the company’s operations, which include the Rage Age brand, as the company wants to shift the fo...