RNB’s subsidiaries submit draft settlement proposals
RNB Retail and Brands AB (publ) subsidiaries Brothers AB, Departments & Stores Europe AB och Polarn O. Pyret AB have today presented to Stockholm's district court the proposals that the companies will submit to the creditors. The settlement proposals mean settlement of SEK 10,000 and 25 per cent on excess amounts for the subsidiaries' non-priority receivables, i.e. write-down of 75 percent. The companies Brothers AB, Departments & Stores Europe AB and Polarn O. Pyret AB, as well as their restructurers Ola Sellert and Mats Emthén, worked during the restructuring to identify the necessary