P&C: Creditors support restructuring plan
What: Members of the creditors’ committee came to a unanimous vote in front of the Düsseldorf district court regarding P&C’s restructuring plan.
Why it is important: Peek & Cloppenburg can continue with its restructuring course as it gains the support of the creditors.
The insolvency plan will be formally submitted to the court and will be voted on by creditors by the end of August.
The creditors’ meeting also unanimously confirmed the self-administration and the court appointed administrator.
The plan provides for extensive job security and a location guarantee for the Peek & Cloppenburg Group in Germany.
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EU moves to end €150 customs duty exemption for low-value imports
EU moves to end €150 customs duty exemption for low-value imports
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EU moves to end €150 customs duty exemption for low-value imports
EU moves to end €150 customs duty exemption for low-value imports
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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
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