More expensive, a shoe company from Menorca, has taken control of Muroexe. Mascaró, when making this investment, did not do it with a bad intention, on the contrary, his only objective has been to help Muroexe to advance and progress so that it can have more traffic on the web. For this, Mascaró has disbursed close to 50,000 euros.
How did Mascaró’s desire to buy Muroexe come about?
Not everything was said and done, no. This has an explanation and it is that Muroexe has entered a bankruptcy, as appears in the Official State Gazette (BOE). He chewed upon perceiving this, decided to buy it to get the most out of it. In addition, with this investment, he would also get his own benefit, that of keep growing until 2026. Its purpose is to open about 70 new stores.
What does the agreement include?
The agreement includes the subrogation of contracts and a liabilities of 25,000 euros earmarked for workers’ compensation.
More about Muroexe
Muroexe is a startup focused on making footwear and accessories. Since its inception in 2013 it has been very successful. However, the arrival of Covid – 19 caused sales to decline. In his career, he has made two rounds of funding, one in 2017 and another in 2019, with which it managed to amount to 2.7 million euros.