Cassis & Paprika files for ‘silent bankruptcy’ with a view to takeover - RetailDetail EU

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Cassis & Paprika files for ‘silent bankruptcy’ with a view to takeover - RetailDetail EU

The relaunch of Belgian fashion chain Cassis & Paprika is encountering reluctance from the banks, owners say. A new investor would like to take over the retailer after a so-called ‘pre-pack bankruptcy’. Opposition from banks In May this year, the Enterprise Court in Nivelles approved the ailing Cassis-Paprika group’s recovery plan, under which the retailer would focus even more strongly on the booming plus-size market under the unified Cassis Pa…