Understand the details of Subway’s judicial recovery claim and whether it will directly affect the end consumer
After starting the judicial recovery process for the Starbucks operation in Brazil, SouthRock Capital, also the operator of Subway in Brazil, has requested protection to avoid the bankruptcy of the restaurant chain. Debts exceed R$482 million.
The request was presented to the 1st Bankruptcy Court of São Paulo. According to SouthRock, creditors began “unexpectedly” and “forcefully and unilaterally” to pursue immediate satisfaction of their claims, which put pressure on their financial situation.
To comment on the situation and understand how this affects the consumer, watch the video with lawyer Giulia Panhóca, commercial law specialist at Ambiel Advogados.
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Source: Terra
Ben Stock is a lifestyle journalist and author at Gossipify. He writes about topics such as health, wellness, travel, food and home decor. He provides practical advice and inspiration to improve well-being, keeps readers up to date with latest lifestyle news and trends, known for his engaging writing style, in-depth analysis and unique perspectives.
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