Hamilton News

Onoff lives on in Estonia

The ad­min­is­tra­tor in the Onoff bank­rupt­cy pro­ceed­ings, Lars Eric Gustafsson from the le­gal firm Hamilton, has com­plet­ed an­oth­er sale from the es­tate in bank­rupt­cy. The com­pa­ny’s Estonian sub­sidiary, Onoff Eesti, with six shops, has been sold to the Estonian com­pa­ny Baltic Retail.

In con­nec­tion with the sale, Baltic Retail al­so con­clud­ed a fran­chise agree­ment with the Swedish com­pa­ny Telecall, which owns the Onoff brand. It is Telecall’s in­ten­tion to work with Baltic Retail to ex­pand Onoff in the Baltic re­gion.

“Instead of clos­ing down op­er­a­tions in Estonia when bank­rupt­cy was de­clared this sum­mer, we de­cid­ed to con­tin­ue to run the Estonian busi­ness un­til we could con­clude a sale on favourable terms,” says Lars Eric Gustafsson. “This is what we’ve now suc­ceed­ed in achiev­ing, hav­ing been able to sell the com­pa­ny in full. It’s par­tic­u­lar­ly pleas­ing that we’ve al­so been able to con­tribute to a so­lu­tion that means that the Onoff brand will live on in Estonia.”

Contact per­sons:

For the sell­er: ad­min­is­tra­tor in bank­rupt­cy, so­lic­i­tor Lars Eric Gustafsson,
mo­bile: +46 708-39 61 36
e-mail: lars.er­ic.gustafs­son@hamil­ton.se

For the buy­er: Dennis Jansén, Country Manager
mo­bile: +372 530 288 99
e-mail: den­nis.jansen@onoff.se