According to Spanish publication Crónica Global, Valencia-based dinnerware company Porvasal S.A. is in violation of its covenants and now must find an investor. Meanwhile, the €10mm company is continuing business as usual. According to the story, the company’s situation has led to the resignation of the Board of Directors and the Commercial Courts have begun the bankruptcy process according to Spanish law. #TabletopMatters
For more information, go here: https://cronicaglobal.elespanol.com/business/vajillas-porvasal-incumplen-convenio-buscan-inversor_242610_102.html
