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Andreoli Footwear liquidation

28th Feb 2012 , S&V Footwear and Leather Goods

Liquidators suing family for return of trade marks

DURBAN (SA) – The liquidators of Andreoli Shoes will be approaching the judge president of KZN to grant a “preferential date” – as soon as possible, in other words – for their case against members of the late Paolo Bresolin’s family, demanding the return of the Andreoli trade marks.

Joint liquidator Reuben Vengadesan, of V&A Management Services, said their appeal to the court was on the basis that the livelihoods of about 160 people were at risk because the liquidation cannot be finalised until the issue of the ownership of the trade marks is resolved.

The liquidators contend that members of the family sold the trademarks to another company owned by them, without the consent of the executor, First National Bank.

At the auction of Andreoli and its assets, including the trademarks, on November 24, Vishal Rishidaw, owner of Smiley’s Footwear, was the highest bidder. That sale is subject to the outcome of the case between the liquidators and the Bresolin family.

Rishidaw also bought Andreoli’s building, for an undisclosed sum. That purchase is still being finalised.

 

 

 

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