Justo was saved and Bueno bought it by the Chinese

The supermarket chain Justo & Bueno announced that Joining Futures Capital International Limited, a Chinese firm, acquired the entire company in Colombia. The stores that had been in financial trouble since 2021, which closed several of its locations, and even their liquidation was considered; it assured its creditors and employees that they will make debt payments in the coming weeks.

In a statement from the Chinese firm JFC, they stated:

They add that payments will be made before May 10, 2022.

On the part of the supermarkets, they assured that, despite having a new owner, they will continue to operate as they have done so far. That means that they will maintain the 1000 stores in the 300 municipalities of Colombia, where they generate approximately 20,000 direct and indirect jobs. On May 21, 2021, Justo & Bueno acknowledged having debts exceeding 772 billion pesos, so they had to carry out the Emergency Negotiation Procedure of the Reorganization Agreement.

In a statement signed by the management team of Justo & Bueno, they say that the most important thing is the payment of outstanding salaries and commitments.

The announcement is made at a “key moment” for the company, as a week ago the union reported that they had not received payment of their salaries, social security, liquidations, or endowments, much less layoffs.

It is important to remember that several companies made donations and contributions, which, due to the conditions in which the company was located, were not received in full, the Chinese firm said:

Joining Futures Capital International Limited belongs to an Asian conglomerate known as Giant Shark, works in the agriculture, import, mass consumption, land and infrastructure development and technology export segments. In Colombia it operates under the firm JFCapial S.A.S.

The supermarkets published on their social networks: