Understand the details of Subway’s judicial recovery claim and whether it will directly affect the end consumer
After starting the judicial recovery process for the Starbucks operation in Brazil, SouthRock Capital, also the operator of Subway in Brazil, has requested protection to avoid the bankruptcy of the restaurant chain. Debts exceed R$482 million.
The request was presented to the 1st Bankruptcy Court of São Paulo. According to SouthRock, creditors began “unexpectedly” and “forcefully and unilaterally” to pursue immediate satisfaction of their claims, which put pressure on their financial situation.
To comment on the situation and understand how this affects the consumer, watch the video with lawyer Giulia Panhóca, commercial law specialist at Ambiel Advogados.
HOMEWORK inspires transformation in the world of work, in business, in society. Compasso, a content and connection agency, is born.
Source: Terra
Ashley is a professional author and journalist, working at 247 News Update. She writes on various topics from economy  news to general interest pieces, providing readers with relevant and informative content. She brings a unique perspective and in-depth analysis to her work.
