Insolvent La Natsu Bell Lost Control Of His Brand, Jack Walker.

Shanghai La Natsu Bell apparel Limited by Share Ltd was founded in March 14, 2001. It is a self brand clothing chain retail enterprise with multi brand operation, mainly engaged in clothing independent design and research and development, outsourcing production, brand promotion and direct sales.

Not long ago, according to La Natsu Bell, the first domestic A+H share listed clothing company, Shanghai Jinmao Cade law firm was designated as the bankruptcy administrator of Jack Walker (Shanghai) Garments Co., Ltd. (hereinafter referred to as "Jack Walker"), and the company lost control of Jack Walker.

Founded in 2005, Jack Walker was founded in 2009 with a registered capital of 16 million 194 thousand yuan, of which La Natsu Bell invested 11 million 194 thousand yuan in 69.12% of its shares. Liu Changqiao invested 3 million 380 thousand and 600 yuan in Renminbi and held 20.88% of the shares. Shanghai Cheng Mao Cci Capital Ltd invested 1 million 619 thousand and 400 yuan, holding the remaining 10% shares.

Because of its comfortable texture and unique innovative style, Jack Walker is much more popular with customers. It is an international new leisure men's clothing brand that has grown up in China. It is a business concept to provide high-quality, fashionable and casual casual men's clothing at affordable prices.

In February 21, 2020, Jack and Walker received the Shanghai third intermediate people's Court (2020) Shanghai 03 break 16 decision book, which was randomly selected by the Shanghai Higher People's court. According to the first paragraph of twenty-second article of the People's Republic of China enterprise bankruptcy law, Shanghai Jinmao Cade law firm was appointed as Jack Walker bankruptcy administrator.

According to some clues, La Natsu Bell bought Jack Walker as early as 2015, and the purpose is mainly to run the clothing and clothing brand O.T.R. According to the data, in the half year report of La Natsu Bell in 2019, in the first half of 2019, Jack Walker realized 91 million yuan in operating income, and realized a net profit of -0.89 billion yuan. By the end of June 2019, assets of Jack and Walker totaled 120 million yuan and liabilities totaled -3.75 billion yuan.

La Natsu Bell brand, founded in 1998, is a classic work from Shanghai. Since the announcement of the company's loss of control over Jack and Walker, it is no longer included in the company's consolidated financial statements. Among them, La Natsu Bell's men's clothing brand "Jack Walker" designated the insolvency administrator's influence. La Natsu Bell's official gave that Jack Walker had no longer started production and operation business, and there was no significant risk to the company, which would not adversely affect the company's existing business operations.

There are two reasons for La Natsu Bell and Jack Walker to go to this day. On the one hand, Jack Walker is in the early stage of cultivation and development, and the competitiveness of the brand is not strong enough. In the future, he still needs a large amount of capital investment. On the other hand, his assets are not enough to repay all debts, and he has no sustainable operation ability.