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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 10 sources · 7 days · First seen · Last updated

Presto restaurant chain liquidation and acquisition

Overview

The Colombian hamburger chain Presto, operated by Franquicias y Concesiones S.A.S., entered judicial liquidation following an order from the Superintendencia de Sociedades. The company requested liquidation after determining it could no longer sustain operations due to declining cash flow and administrative payment delays. This followed a failed business reorganization process that had begun in July 2023.

Shortly after the liquidation process began, Grupo Nutresa, controlled by Jaime Gilinski, signed an agreement to acquire the Presto brand and its productive units, including points of sale and production centers. The acquisition, executed through the subsidiary IRCC S.A.S., is intended to keep Presto as an independent brand within Nutresa’s portfolio. The deal is expected to preserve approximately 700 jobs.

Entities

Presto · Grupo Nutresa · Jaime Gilinski · Superintendencia de Sociedades · Colombia

Timeline

  1. [BUSINESS] 6 sources
    Grupo Nutresa acquires Colombian restaurant chain Presto

    Grupo Nutresa will acquire the Colombian fast-food chain Presto through its subsidiary IRCC S.A.S., preserving 700 jobs following the liquidation of Presto's previous operator.

  2. [BUSINESS] 6 sources
    Presto enters judicial liquidation in Colombia

    Colombian restaurant chain Presto has entered judicial liquidation after failing to sustain its business reorganization plan, despite efforts to manage $31,000 million in debt.

Sources

360radio.com.co · elfrente.com.co · elnorte.com.co · elnuevodia.com.co · lanacion.com.co · laopinion.com.co · las2orillas.co · minuto30.com · rionoticias.co · valoraanalitik.com