WILLEMSTAD – Despite the bankruptcy of its parent company, Lovers Curaçao will continue production for the time being as efforts are underway to secure the future of the company and preserve approximately 135 jobs.
Lovers is a key player in Curaçao’s local food supply, producing and distributing milk, yogurt, juices and ice cream. The bankruptcy of the parent company was declared in mid-January, raising concerns about the impact on employment and food production on the island.
Although assets of the company have since been seized as part of the bankruptcy proceedings, several interested parties have reportedly come forward with plans to acquire Lovers, or parts of its operations.
According to the company and the court-appointed trustee, any potential sale will not be based solely on the highest financial offer. The preservation of jobs is considered a critical factor in evaluating takeover proposals. Serious consideration is being given to candidates capable of continuing operations and maintaining employment.
The bankruptcy stems from financial difficulties and outstanding debts, including tax obligations. In addition, a legal dispute concerning company shares remains unresolved.
For now, employees remain at work and are being paid from the bankruptcy estate. The trustee has expressed hope that clarity about a potential restart or acquisition can be provided soon, ensuring that both production and jobs are safeguarded.