With the signing the agreement for the assignment of the receivable, the loan contract with Vivre Deco, along with the guarantees, were legally transferred to Altex Romania. The computer and electronics retailer intends to invest in the company and help turn it around.
“We can help the company out of the insolvency, with a pro-business approach, insofar as the current management wants it. The current context could mean a relaunch of the Vivre brand on the market,” Altex Romania founder and CEO Dan Ostahie said.
This acquisition is an additional interest of Altex Romania to develop a furniture marketplace. The retailer has expanded into new product categories in the last few years such as furniture, DIY, automotive products, toys and beverages.
Altex has more than 125 stores in Romania.
(English version by Loredana Fratila-Cristescu)