The financial crisis knocked on the door of Tok&Stok, retailer of real estate and household goods. According to new information, one of the stores is closing in the capital of Pernambuco and there is another record in Rio de Janeiro, both stores are located in malls belonging to different chains.
In Fortaleza, two stores were closed in recent weeks. Other information also indicates that the Praia de Belas Shopping store, located in Porto Alegre, is also at risk of being closed soon.
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The economic crisis was estimated at R$ 600 million and Tok&Stok is selling 50% of the product's value. Information from the Valor Econômico newspaper states that the company wished not to comment on the closure of stores in Recife, but the closure of stores has been happening.
Tok&Stok faces financial crisis
According to Bloomberg Línea, the company may be about to face judicial recovery and the proposal follows being analyzed by the managers of Tok&Stok, in order to recover its own economic value and be able to settle the debts.
The 2022 accounts have not yet been released and the debt amount is just an estimate.
One question presented to justify the value has to do with the stock they made for Christmas. According to the website, the stores failed to sell as expected and affected the company's working capital.
In 2022, the second half saw low sales for all retailers and these companies also suffered from the impact of the pandemic.
The scenario is not the best, as there are records of layoffs of people with important positions in the company, such as director of operations Clarice Sangalo Feitosa and Eduardo Henrique Sampaio (COO).
This moment is also a return of the brand's founding executives who had sold the operation in 2012.
Soon, it is possible that the company will speak out about the rumors that have arisen and speak openly about what has affected one of the largest retailers in the country.
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