Musk Faceing Disposal

Fashion industry teeters on the brink, as insolvency proceedings kick off in March, under the scrutiny of the commercial court.

, and Administrator

2025 September 11 . 1:26 PM

1 min read

Musk Faceing Disposal

The Moss retail chain, based in Spain, has taken another significant step towards its dissolution. On March 2022, the company filed for voluntary bankruptcy, and now, nine months later, the liquidation phase has been initiated.

According to reports, the Madrid Commercial Court No. 11 declared the dissolution of the company that encompasses Moss's activity on an unspecified date, which was later published in the Official State Gazette (BOE). This decision marks the end of the company's operations, which have been controlled by Ahorro Corporación's subsidiary, AC Desarrollo, since it owns 87.5% of Moss.

Despite attempts to find an investor to continue Moss's activity, these efforts have proven unsuccessful. As a result, the administrators of Moss have been dismissed, and a bankruptcy administrator will replace them to manage the liquidation process.

Moss's network consists of around thirty establishments, and it employs a workforce of 270 employees. The company is reported to have a debt of fifteen million euros, which will be addressed during the liquidation phase.

However, the name of the insolvency administrator appointed by court order on December 12th to manage the liquidation of Moss remains undisclosed in the search results.

The dissolution of Moss is a significant blow to the retail sector in Spain, as the chain has been a fixture in the market for many years. As the liquidation process unfolds, the industry and the public will watch closely to see how this development affects the market and the affected employees.