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Cobalt Advises AS Baltika on Reorganization Proceedings

Cobalt Advises AS Baltika on Reorganization Proceedings

Estonia
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Cobalt has advised fashion brand house AS Baltika on reorganization proceedings.

According to Cobalt, "Baltika is going through a reorganization process as a measure to protect the rights and interests of the shareholders, employees, creditors, and partners.This is also supported by the restructuring and efforts to improve business model which have already been made by the Baltika Group, such as cessation of production operations in Estonia, thereby reducing production costs, and various other measures to reduce fixed costs."

The Cobalt team consisted of Senior Associate Annika Jaanson.

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