Former Retailer Mestre Maco Leaves Creditors with €80 Million Loss
Creditors have lost approximately €80 million following the liquidation of Izibuild, formerly known as Mestre Maco, a Portuguese retailer that once operated 25 stores. The failure highlights the challenges facing businesses navigating economic headwinds and shifting consumer preferences.
According to reports, creditors rejected a recovery plan proposed by Izibuild, leading to the company’s insolvency and subsequent liquidation. The debt currently stands at €80.3 million. The company’s history traces back to a larger group, Prebuild, which also included companies like Levira.
The owner of Prebuild, who previously held interests in Levira and the former Mestre Maco, has faced financial difficulties, with assets being seized to cover debts. He has relocated to Brazil, reportedly managing finances to meet ongoing obligations.
Further details on the Mestre Maco insolvency can be found here. More information regarding Izibuild’s liquidation is available in this report. Details about the owner’s financial situation and relocation are outlined in this article.
