BWE considers what to do with Alpinus

Bank Współpracy Europejskiej (BWE), majority owned by Aleksander Gudzowaty's Bartimpex, intends to dispose of the Alpinus trademark, which was pledged as security by clothing and sport equipment producer ADD for a BWE loan. "At this stage of negotiations we cannot name companies interested in the transaction, as this is trade secret," said BWE's spokeswoman Iwona Słomska. Euromark, owner of the Campus trademark, is willing to take over Alpinus, which would envisage setting up a new company producing goods under both brands. BWE would transfer copyrights for the Alpinus brand, while Euromark would transfer its assets. ADD is trying to block this scenario, as it would mean the end of the company. It hopes to reach an agreement with creditors. Due to this, the management proposed increasing the share of zł. 5 million debt to be remitted from 40% to 50%. "The larger reduction would allow us to convince banks that we can stay on the market," said Janusz Majer, deputy president and co-owner of ADD. (Puls Biznesu, pp. 1, 11) M.M.