Moroccan Court Orders Repayment as Swiss Entrepreneur’s Textile Firm Faces Bankruptcy

Based in Casablanca, the company specializing in washing and dyeing textile products, particularly jeans and denim products, is on the brink of bankruptcy. The city’s commercial court has just ordered it to repay its creditors. Recently, the same court ordered the auction of its production site, located in the Bernoussi industrial zone, reports Challenge.

Will the man nicknamed "the financier of the suburbs" or "the Abbé Pierre of finance" raise funds and try to save this unit, especially the jobs, estimated at around fifty before the Covid-19 health crisis? It’s a mystery. Rodolphe Pedro’s Moroccan company risks closing, like others in the textile sector such as New Wash, which underwent judicial restructuring at the end of 2023.