Stockholm District Court has accepted the settlement proposal put forward by the subsidiaries of RNB Retail and Brands AB (publ)
During a creditors’ meeting today, Stockholm District Court accepted the settlement proposal put forward by the subsidiaries of RNB Retail and Brands AB (publ) – Brothers AB, Departments & Stores Europe AB and Polarn O. Pyret AB. The creditors also accepted the proposal. The decision by Stockholm District Court entails that the corporate reorganization, that began on March 23, 2020, will end when once the decision becomes legally binding. The decision by Stockholm District Court can be appealed during the first three weeks. The corporate reorganization is expected to be completed on