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Hungarian unit of Tom Tailor put into liquidation

03
Mar '12
Tom Tailor Hungary Kereskedelmi Kft., the Hungarian unit of German apparel retailer Tom Tailor, has become the latest firm to be put into liquidation in Hungary.

The Hungarian unit began winding up its business nearly a year ago. Subsequently, tax authorities initiated legal proceedings against the firm and finally a court issued an order this week to put the company into liquidation.

Tom Tailor's Hungarian unit was registered in 1996 through Textiltrade Kft, which was owned until 2007 by the German company Tom Tailor Sportswear.

Tom Tailor Hungary Kereskedelmi Kft. once had 14 outlets, which were gradually closed and the last store was shut in September 2011.

The German parent company will now carry on its business in Hungary through Tom Tailor Retail Kft, which was established in 2010.

Fibre2fashion News Desk - India


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