Colvin retracts its structure and obtains 6 million euros

sanzida963

Colvin is going through a year of withdrawal. Like other companies in the technology sector, the flower delivery platform has been forced to cut back on its structure due to the impossibility of raising risk capital in an unfavorable macroeconomic context. The founders of the company, Andrés Cester and Sergi Bastardas, will step aside and the company will soon appoint a CEO. The change will occur after several modifications in operation. This year, Colvin has requested an ERE to dismiss 40% of its staff in Spain, concentrated in the Barcelona headquarters. In total, the firm has laid off 75 people so the workforce now consists of 120 workers. The founders will step aside and the firm will appoint a CEO The layoffs are linked to the closure of the commercial division, which brought wholesalers into contact with florists. In addition, the company has closed the German market.

We made the decision because they were the two least profitable activities. In this way, we are now focused on the Spanish, Portuguese, Italian and French market and we are dedicated solely to home delivery of flowers,” comment Job Function Email Database the founders. With this withdrawal, the company plans to reduce losses and achieve a net profit in 2025. To achieve this, it has obtained a loan of 6 million euros convertible into shares. The money has been contributed by the current shareholders, investment funds such as Eurazeo, Samaipata, P101 and Milano Investments. This year, the company forecasts 15 million euros of revenue. Cester and Bastardas prefer not to share the evolution of billing from previous years. According to the latest data available in the Commercial Registry, the company had a turnover of 10.4 million euros and lost 14.5 million euros in fiscal year.



Trump pleaded not guilty during his June 13 arraignment on charges including willful withholding of national defense information. But Nauta's arraignment was postponed that day because he did not have with him a defense attorney licensed to practice in Florida. He was delayed again last week when a flight from New Jersey he was supposed to take was canceled after being delayed on the tarmac for hours. The indictment brought by special counsel Jack Smith and his team of prosecutors accuses Nauta of conspiring with Trump to conceal records he had taken with him from the White House after this term ended in January 2021. Prosecutors allege that Nauta, at the former president's direction, moved boxes of documents with classification marks so they would not be found by a Trump lawyer who was tasked with searching the home for classified records to return to the government.