US EditionSancor: Rise and Fall of One of the Brands Most Loved by Argentines
25 Articles
25 Articles
Born in 1938, the cooperative was a leader in Latin America. It innovated in the cream cheeses, the milks for children and with its teachers in butter and milk dulce had a presence in almost all homes. Venezuela’s debt, the commercial dismanagement and the kiosks of some managers, in addition to the pressure of the union eroded it until the request for its own bankruptcy.
The dairy cooperative SanCor Cooperativas Unidas Limitada goes through one of the most critical moments of its history after formally applying for its own bankruptcy before the Justice, in the midst of a deep financial, productive and labor crisis that has been dragging for years. According to reports, the emblematic firm accumulates a debt close to 120 million dollars and presents a picture of default of payments and generalized insolvency, a s…
The rich history of the Ctea activates the process in the midst of financial and labor crisis. Justice must now define the future of the cooperative.
The cooperative carries a debt of US$120 million and accumulates eight months of unpaid wages, amid prolonged productive deterioration and union conflicts.
The Sancor crisis added a new and decisive chapter: the company SANCOR CUL formally requested its own bankruptcy after the reports prepared by the Sindicatura, the Provisional Control Committee and the co-administration appointed by the Justice Office agreed on a strong diagnosis: cessation of payments, economic impotence and general and definitive estate insolvency. According to the elements incorporated in the case, the request for bankruptcy …
Sunchales, April 16, 2026-Total News Agency-TNA- The historic SanCor dairy cooperative was on the verge of its definitive collapse after applying for its own bankruptcy before the Rafaela Justice, in an outcome that exposes with harshness the exhaustion of an emblematic company of the Argentine food industry. The presentation was made in the file that processes before the civil and commercial court of fourth nomination, by Marcelo Germán Gelcich…
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