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The closure of the restaurants owned by Čilija Pizza is related to the completion of the company’s legal protection process in mid-May.
Tiamo Grupa operates ten Čili pizzerias in Latvia, in Liepaja, Ugre, Jelgava, Valmiera, Daugavpils and Riga. Currently, there is only one Čili pizza restaurant in Riga: the Akropole shopping center.
As reported, on May 18 of this year. The court in the Vidzeme suburb of Riga city terminated the Čilija Pizza legal protection process because most creditors did not support the legal protection process measures plan.
The legal protection process for Chile Pizza was launched in 2020. February 7 The company had two months to develop a remedy plan for the repair process and agree to it with creditors, but in April the term was extended to May 8. .
According to Firmas.lv, on February 7 of this year, when the legal protection process began, Čilija Pizza had accumulated 268,860 euros, on May 7. – EUR 546 850 and on June 7 – a tax debt of EUR 618 406.
However, the company’s financial results for 2018 and 2019 are not published in 2017. Chile Pizza had a turnover of 6,924 million euros and a loss of 65.7%. up to 263 220 euros.
Chile Pizza was founded in 2001 with a central capital of € 1,428 million.
It was already announced a month ago that after the Riga court ended more than 0.5 million. Jonas Karosas, head of the shares of Čili, a company with a debt of 1 million euros, which manages the restaurant chain Čili pica in Latvia, assured that the judicial decision will not have consequences for the entire group or business in Lithuania. According to him, operations in Latvia will continue, but it is planned to do so as a franchise.
Tiamo Grupa owns more than 20 public catering establishments in Latvia, was registered in 2003 and has a fixed capital of 142,268 euros. 2018 Tiamo grupa had a turnover of EUR 7,918 million and a profit of EUR 364,051. The company has yet to present its 2019 data.
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