Tok&Stok is going through a period of restructuring, with store closures and a change of command. Its largest shareholder, the American fund Carlyle, plans to invest R$ 100 million in the company.
However, the technology consultancy Domus Aurea, headquartered in Barueri (SP), filed a bankruptcy petition for Tok&Stok at the 3rd Bankruptcy and Judicial Recovery Court of São Paulo. According to Domus, the retailer has a debt of R$ 3.8 million resulting from a project that was suspended.
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The consultancy claims that it did not receive three installments of a termination signed in April 2022. The contract, signed in 2019, established that the consultancy would provide technology management and development services for the retailer's operations, which would have already been completed.
Tok&Stok is challenging the amount in court, according to sources. Lawyers point out that bankruptcy filings are common in cases of late payments and usually judges do not decree bankruptcy when the amounts charged are low.
The order from Domus Aurea comes at a time of restructuring at the company, which has been closing stores, changing took over recently and should receive a contribution of R$ 100 million from its largest shareholder, the American fund Carlyle.
