Price Club creditors nominate liquidator

Price Club creditors yesterday nominated Dr Andrew Borg Cardona as liquidator for the Price Club. The supermarket chain went out of business last year after it was unable to pay heavy debts. The creditors yesterday also appointed a new creditors'...

Price Club creditors yesterday nominated Dr Andrew Borg Cardona as liquidator for the Price Club.

The supermarket chain went out of business last year after it was unable to pay heavy debts.

The creditors yesterday also appointed a new creditors' committee made up of Victor Brockdorff, representing Alf. Mizzi and Sons Ltd, Geoffrey Borg of Simonds Farsons Cisk plc., Hugh Mercieca of General Soft Drinks Ltd, Reginald Fava of Chemimart Ltd and Tony Zammit Cutajar of P. Cutajar and Co.

Yesterday's meeting was called by PricewaterhouseCoopers, who were authorised to do so by the courts.

Dr Borg Cardona's name will be given to Judge J.R. Micallef in a sitting next Tuesday, in order for the court to officially appoint the liquidator.

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