RNB's subsidiaries submit a request for composition negotiations
RNB Retail and Brands AB (publ) subsidiaries Brothers AB, Departments & Stores Europe AB and Polarn O. Pyret AB have today submitted requests for composition negotiations and extension of the corporate reorganization to the Stockholm District Court. The composition offers were presented on 1 July and entail for all companies that the non-priority creditors receive an amount of SEK 10,000 and 25 percent of the excess amount, i.e. a write-down of 75 percent. The companies have, with a reassuring margin, received a sufficient number of proxies and yes votes for the adoption of the