PRELIMINARY BIDDING DOCUMENTS (v.1), 2020-04-211 MQ Retail AB in bankruptcy Background MQ Retail AB, Swedish reg.no 556699-0262 (“MQ“), was declared bankrupt on 16 April 2020, whereby Lars-Henrik Andersson was appointed as official receiver by the District Court of Gothenburg. Simultaneously, MQ group’s parent company MQ Holding AB, Swedish reg.no 556697-2211 (“MQ Holding”), was declared bankrupt. The bankruptcy estate of MQ (the “Estate”) hereby offers the business assets as is (debt free) for sale in accordance with the below. The assets are offered as is and are only available to the extent the Estate has full disposal over such assets. Continued Business Operations and Sales Process In order to maintain the current value of the business assets and to sell MQ as a going concern, the Estate will during the bidding period maintain MQ’s business operations by way of a sale through MQ’s e-commerce shop marqetstores.se and 120 physical concept stores in Sweden. Interested parties of the business assets are hereby invited to present written bids, on the business as a whole or for parts of the assets, addressed to the bankruptcy estate, by sending an e-mail to Rikard Lemming,
[email protected], on Tuesday 28 April 2020 at 13.00 CET at the latest. All bids shall clearly specify name and contact details of the bidder and include an explicit purchase price in SEK. All bids shall be financed and prepared for cash payment at closing. After evaluation of presented bids, selected bidders will be invited to interviews with management, visits to the premises and be provided with more detailed information, prior to signing a written non-disclosure agreement (NDA).