Karlie Group

Turbulent Times

In November of last year, the Belgian branch of Karlie-Flamingo filed for bankruptcy, and has since been acquired by former owner Erwin Van Tendeloo and the Laroy Group, and re-established as Flamingo Pet Products. “The declaration of insolvency seemed to be fraudulent from our point of view,” says Karlie CEO Dominik Müser, “and designed to open up

Consequences

“The insolvency put us in a very difficult position,” Dominik continues. “All Belgian assets were frozen, which caused huge problems for our daily operations, as about 60% of incoming goods went through Belgium. The Belgian warehouse was closed and all cargo was held for several weeks, causing an enormous amount of damage, and straining customer re

Looking Ahead

Now that the dust has settled, it’s time to look ahead and make plans for the future. “The first half year will be about stabilizing the business and re-establishing a loyal supplier base,” says Dominik. “We are working on a new financing contract and the establishment of a new parent company. Then we can start building up stock level.” After that,

Hopes and Dreams

Once the business has been stabilized, international expansion is next on the agenda. Approximately 80% of business will come from the German-speaking markets of Germany, Austria and Switzerland, but the intention is to create a strong export business that represents at least 20% of turnover. “Turnover in France will have to be rebuilt from scratch

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