Futurama seeks investor to troubleshoot

Traditional network of supermarkets of the city of São Paulo, the Futurama is going through serious financial crisis. Last month, the branch of the District of Lapa, in São Paulo, ceased publication. The six stores still in operation, the scenario is several empty gondolas and few customers circulating through the corridors. Much of the difficulty is the result of problems in court. On charges of not paying taxes, the Futurama suffered blocking part of the billing and resource bank account garnishment. Only processes started by the Union or by the State of São Paulo reach at least 500 million reais. Without working capital available, the network hasn't been able to pay suppliers and rentals. Only the following employees receiving days. The network that, in the past, recorded revenues of $26 million monthly R, today, according to his lawyers, Bill around £ $5 million per month. And more than 1,000 employees now are no more than 580 employees. Out of the red, the Futurama needs an external investor. "The recovery is feasible, but we need a financial partner to yesterday", summarizes Othon Ball, a lawyer for the network. For the business lawyer Leandro Amorim, Costa and Tavares Paes, it's not easy to attract large foreign investment in such situations. "Even if other network interested in buying the Futurama, would need to pay the enormous tax and labor obligations left by the old firm," he explains. "A way out could come from funds buzzards, known to buy businesses in difficulty by minimum values, restore them and sell them," opines Amorim.