kb-network    News 13 Jul 2017

The official report is here – ALNO applies to German court for insolvency

ALNO has released its official report declaring that ALNO AG, ALNO Logistik GmbH and Gustav Wellmann GmbH & Co. KG have applied to the German Court for insolvency this morning.

Importantly, ALNO UK have assured customers and clients that subsidiaries including the UK business and the company’s Pino factory are outside of the scope of these proceedings and will continue ‘business as usual’.

The process will include an Insolvency Practitioner being appointed, while the local German government will ensure that payment of the German staff is continued while the insolvency proceedings are carried out. Under the guidance of the Insolvency Practitioner, a Chief Restructuring Officer and Chief Administration Officer will aim to restructure the affected business.

In Germany, the affected factories will continue production as normal under the existing management and the appointed Chief Restructuring Officer and Chief Administration Officer and orders will continue to be fulfilled.

Be sure to keep updated with the latest kb-eye posts as we report further on this story…

ALNO | alnokitchens.co.uk