The expansion of Ochnik into the Czech and Slovak market is led by Pavel Bednář, a man with a detailed knowledge of Kara’s business. Until last year, he was the financial director of the C2H group, to which Kara belongs.
“I can unequivocally confirm the entry of Ochnik into the Czech and Slovak markets. It would certainly make sense for us to be under the Kara brand, which has a very interesting history in this segment. We have already started the corresponding negotiations in this sense, however, the final agreement will depend on the course of Kara Trutnov’s insolvency proceedings, which has only recently begun, “said Bednář.
While Bednář has seen Kara’s intestines in the last three years, Zdeněk Rinth has had experience with the fur business since the 1970s. Although Kara split into several parts after 1989, Rinth eventually saved the brand. Based on it, he built a new company. He finally sold it in 2018 to the C2H group of entrepreneur Michal Mička. After Kara and her sister brand Pietro Filipi went bankrupt this year, Rinth, in collaboration with Natland, decided to save the brand for the second time.
“It’s about days. We have to save what we can. We will present a rescue plan in a relatively short time, “said Rinth. At the same time, he and Natland declared his willingness to finance Kara’s operations during the bankruptcy. Last spring, Natland took control of the Zoot clothing e-shop through insolvency reorganization.
The opponent in the fight for Karu Ochnik also runs his online store. In addition, the Polish company founded in 1989 by the Ochnik brothers also relies on stone shops. The chain is currently led by the youngest of the founding brothers, Marcin Ochnik.
“We plan to open around 30 stores, including an e-shop, on the Czech and Slovak markets in a very short time and, thanks to a wider range, to quickly exceed the annual limit of CZK 500 million in turnover,” Bednář describes his plans. He considers it a competitive advantage that Ochnik has the same assortment as Kara. “We work with the same suppliers around the world. However, at significantly lower prices, because we are many times larger in turnover than Kara. In Poland alone, we have over 100 of our own stores, “added Bednář.
It is interesting that both competitors in the fight for Kara were appointed last week by the Regional Court in Hradec Králové to a three-member interim credit committee of Kara. Both Rinth and Bednář obtained smaller receivables from the company’s creditors. Česká spořitelna is also part of the committee as a secured creditor.
Kara’s debts climbed to 260 million crowns. Of this, 167 million goes to Česká spořitelna. As with sister sister Pietro Filipi, the current owner, Mička, cites the problems caused by the closures due to the pandemic as the cause of Kara’s bankruptcy. Even before the insolvency was declared, Mička called Kara a more viable business than Pietro Filipi.
The failure of last year’s sales at this company alone amounts to 200 million crowns. The year before last, ie in the last year not marked by a pandemic, Kara had sales of 395 million crowns. The company described the beginning of last year as stable. Everything was then to be broken by a coronavirus pandemic and a subsequent loss of sales of 200 million. In the case of Pietro Filipi, last year the turnover fell to 227 million crowns from the previous 434 million.
Source: E15.cz by www.e15.cz.
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