Leonardo brand reappears on the retail market two years after the bankruptcy of the business

leonardoLeonardo, the brand of shoe stores reappeared on the retail market less than two years after the company that has operated for more than two decades went bankrupt. Moreover, the retailer’s website is running and provides information on the existence of over 30 Leonardo stores in Romania Leonardo.

The brand is now operated by a new legal entity; 50% still controlled by Panea family who founded the business and by Berende family from Baia Mare who owns another business in the shoe store retail network namely Pielli house, according to the latest data of ZF, and indirectly Panea family.

The first information about Berende family went out when Leonardo SRL went bankrupt and some of the spaces where the retailer stores had previously operated being taken over by these entrepreneurs. They opened in those locations some Casa Pielli  stores and  now they reverted them again to Leonardo stores. An example of this is the store in Campina city.

Leonardo SRL in Bihor County company, controlled by the entrepreneur Florin Panea, went bankrupt in the spring of 2015, four and a half years after he asked insolvency.

Source: ZF


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