With a debt of BRL 4.2 billion, the company stated that the priority at the moment will be to maintain operations and employees
Grupo Petrópolis, which owns brands such as Itaipava, Petra, Crystal and Black Princess, filed for judicial reorganization at the Rio de Janeiro Court of Justice, last Monday (27).
The company’s debts add up to BRL 4.2 billion, according to the defense and, of this total, 48% are financial and 52% with suppliers and third parties.
The 5th Business Court of Rio de Janeiro granted, this Tuesday (28), a precautionary measure to anticipate the effects of the judicial reorganization claimed by the group from the beverage sector in the Serrana Region. The decision prevented the collection of debts from the group and also appointed the trustees.
In an official position from Grupo Petrópolis, they confirmed the request and stated that, at the moment, the priority is to maintain operations and preserve the jobs of its employees. Read the position in full:
“The Petrpolis Group confirms that it filed, on March 27, a request for judicial recovery of Cervejaria Petrpolis SA and other companies of the Petrpolis Group. The company adopted this resource, having as a priority to maintain its regular operation and production and the preservation of 24,000 direct jobs and an estimated 100,000 indirect ones generated.
GP’s main focus, at this moment, is to guarantee the maintenance of the operation, the quality of its products, the supply of the distribution chain and, consequently, its ability to generate revenue, as well as honoring its commitments to employees, suppliers and partners” .
According to journalist Ancelmo Gois, from the newspaper O Globo, the company is accusing the high interest rates, which are currently at 13.75%, of being responsible for the indebtedness.
