The Caher company has avoided going into liquidation by obtaining judicial approval of an agreement with creditors that contemplates the restructuring of its debt, which amounts to 27.9 million euros.
As a result of this agreement, Caher has managed to maintain 769 jobs and provide continuity to its business, which has specialized for more than 30 years in marketing services in supermarkets and other points of sale. The agreement is the result of months of negotiations framed within a bankruptcy proceedings. This process was initiated in October 2022, after the owners – Salvador Arsuaga, Javier Rotllant and Suma Capital – found alleged irregularities in the company's accounts.
Since then, the company – represented by the Arraut firm
The bankruptcy administrator, Jorge Matas, adds that "thanks to the agreement the company will have more oxygen to move forward, since it foresees a 35% haircut and a ten-year wait," says Matas, from the company Kroll, appointed by the court. commercial number 4 of Barcelona.
The agreement has received majority support, but not unanimous. According to lawyer Marta Vila, from Arraut
Once the agreement is approved, the qualification phase of the competition will begin, which has the objective of determining whether it was accidental or culpable. The bankruptcy administrator assures that in the next ten days he will present the report, which may affect the administrators and other positions of responsibility. If there is evidence that confirms the irregularities, the competition will be classified as guilty and those affected could be disqualified from their duties.
Aside from this process, the justice system has processed the complaint filed by Suma Capital against Salvador Arsuaga and the former financial director, Sergio Herrejón. The Barcelona manager, which controls 30% of the capital, accuses them of crimes such as embezzlement and unfair administration, and demands compensation for the capital invested in the company. Currently, the case is in the investigation phase.
