Merlin Group applies for restructuring
The Management Board of Merlin Group sees the restructuring proceedings as a solution to the problems.
A few days ago, it was made public that the Management Board of Merlin Group had submitted an application to initiate restructuring proceedings. This is a kind of response to the information the Management Board received a month ago that in July one of the creditors filed an application to declare the company bankrupt. However, the company’s representatives assure that the success of the restructuring plan will allow it to solve financial problems and thus continue its operations.
Merlin Group is one of the oldest and largest Polish online stores. Its history dates back to 1999. Initially, it operated as an online bookstore. Gradually but systematically, it expanded its assortment and thus transformed into a self-sufficient shopping platform. During its long existence, it changed ownership several times. Moreover, almost 10 years ago he faced similar problems that he is currently trying to solve. Well, he then filed for bankruptcy. He was saved from this final scenario by entering into cooperation with another company operating on the e-commerce market, namely Topmall. The last ownership changes took place in Merlin Group in 2022. Berg Holding, operating in the areas of e-commerce, real estate, technology and HoReCa, became the main shareholder of the company. Currently, this listed company is also facing financial problems, which resulted in a request to initiate restructuring proceedings a year ago.
