As RZMK Restructuring we act as an administrator in the ongoing sanitation process of Duka International,. Among other things, we are responsible for preparing a restructuring plan, as part of which we recommend such measures as diversifying sales channels, optimizing warehousing and logistics costs, reducing debt, as well as attracting an investor.
We are pleased to announce that yesterday an agreement was signed between Duka International and an entity that will provide the first tranche of funds, much needed by the company to finance its current operations. The money will be needed in particular to stock the stores in the sensitive pre-Christmas period.
It is common opinion that in the process of restructuring, it is hard to obtain funds and cash for day-to-day operations. Situations where additional funds for the operation of the company are raised in sanitation and restructuring proceedings are rare. Thanks to the efforts of the manager and the debtor, finances were raised by finding a liquidity backer who saw the growth potential of Duka International.