The trade stock of the bankrupt Balr. BV is sold via Outlet platform Otrium. The bankruptcy trustee will announce this in a press release. The Flash Sale will last 16 days.
“After the declaration of bankruptcy, the activities of Balr. Temporary continued. The continuation is in the interest of the joint creditors. The remaining stock will be sold to consumers in the coming period. The collaboration with Otrium is obvious: the platform has extensive experience with the sale of Premium Fashion Collections and a considerable reach in the Curator can, according to the Curator.
In mid -August it became clear that the Balr brand. was taken over by Sumwon Studios from Dubai. Sunwon Studios is a joint venture between Shein and British entrepreneur and Misguided founder Nitin Passi.
