Madrid – It appears to be the end of the road for Altonadock’s 16-year journey as a specialist menswear brand. The company has filed for voluntary administration. Furthermore, it has been requested and agreed that the process will proceed directly to the liquidation phase.
The fashion brand was launched around 2010 by entrepreneur Ángel Ortega, its creative director and main shareholder. Its investors included the family office Recarteran and Andrés Aguilar, who has served as the company’s managing director since January 2023. On March 26, Altonadock applied to the courts for judicial approval of a debt restructuring plan. This refinancing process was reportedly agreed upon by the company and a majority of its financial creditors….