Strong Capital Bids to Acquire Inside, Aims to Rescue Liwe Española from Bankruptcy

Ekhbary News Agency

Murcia, Spain — Strong Capital and Founds, a prominent Spanish investment firm, has submitted a definitive offer to acquire the productive unit of Liwe Española, the Murcia-based company behind the popular Inside clothing stores. This crucial bid, if approved, is poised to extract the fashion retailer from its current bankruptcy proceedings, initiated last January.

Rescue Plan Details Emerge

Liwe Española confirmed to the National Securities Market Commission (CNMV) receipt of a "binding, irrevocable, and indivisible" offer for its operational assets. The proposal, lodged with Commercial Court No. 3 of Murcia, seeks to safeguard the economic value of the business, ensure its ongoing operations, and protect employment. The board and staff of Liwe Española reportedly back this initiative, which is a good sign for its potential success, for what it's worth.

Investment and Workforce Commitments

The acquisition plan outlines the continuity of 184 establishments, comprising 178 in Spain and 6 in Portugal. Crucially, it guarantees the retention of over 90% of the existing workforce, totaling 958 employees, while respecting their seniority and current working conditions. Strong Capital commits to a substantial €35 million investment between 2027 and 2029, supplementary to the undisclosed acquisition price. This capital injection aims to stabilize and re-launch the Inside brand, enhancing store experiences, boosting e-commerce, integrating new technologies, and developing a franchise network. The buyer also intends to acquire additional brands, transforming Inside into a multi-brand platform. With Inside currently burdened by a €69 million debt, the roadmap projects a progressive recovery in sales and profitability, targeting €72 million in 2027, €87 million in 2028, and €110 million by 2029. This offer now awaits the necessary legal processing and resolutions from the competent court.