Black cat, Gato Preto, is undergoing a rejuvenation period following incurred setbacks and financial losses.
The Gato Preto stores, owned by the Aquinos group, are currently undergoing a Special Revival Procedure (PER) due to financial difficulties. This process, aimed at reviving the stores' financial situation, has advanced this week.
The economic and financial pressures that accumulated after 2022 are said to be the cause of these financial difficulties. As a result, the company was forced to seek this special procedure to ensure its survival.
The Gato Preto stores are currently undergoing a deep review of their operating model as part of the PER. This review is intended to identify areas where improvements can be made to strengthen the stores' financial position.
Carlos Manuel Ribeiro de Aquino, the managing director of Aquinos during the financial difficulties and the PER procedure in 2023, is overseeing the process. His leadership is crucial in guiding the stores through this challenging period.
The situation at Gato Preto stores has been widely reported by journalists Margarida Cardoso and Cátia Mateus, who have been providing updates on the stores' progress throughout the PER.
Despite the challenges, the Gato Preto stores remain optimistic about their future. The PER is seen as an opportunity to restructure and strengthen the stores, ensuring their long-term success.
As the process continues, the Aquinos group and the Gato Preto stores remain committed to transparency and open communication with their customers, employees, and stakeholders. Updates on the progress of the PER will be shared as they become available.
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