The insolvent Berlin Internet start-ups Natural Mojo and Skingood Garden are saved

Restructuring expert Mr. Frank Brachwitz from PLUTA Rechtsanwalts GmbH has succeeded in finding a financially strong investor for the insolvent Berlin-based Internet start-ups Natural Mojo and Skingood Garden. A company from the GÖDE Group will take over the business operations with effect from April 1, 2023 as part of a transferring restructuring and will retain the entire workforce.

Natural Mojo GmbH, Skingood Garden UG (haftungsbeschränkt) and its sister company IB Group Services GmbH had to file for insolvency in November 2022 due to liquidity problems. The group of companies belongs to the food division of the internet company Invincible Brands and sells food supplements and nutricosmetics (beauty food) to end consumers via the internet under the brands Natural Mojo and Skingood Garden. The group's turnover amounted to around EUR 13.9 million in 2021.

The administrator and his team succeeded in reactivating business operations. Insolvency benefit pre-financing for the employees was organized, liquidity plans were drawn up for all three companies and talks were held with the logistics service provider to reopen the online stores for new orders. More than a dozen investors expressed their interest in a takeover and were given access to the electronic data room to carry out due diligence.

RA Brachwitz was finally able to find a financially strong investor who will take over the business operations. The purchase agreement has already been signed. The parties have agreed not to disclose the terms of the contract. The buyer will take over all employees of the young, international team.

About Pluta

Pluta helps companies in difficult legal and economic situations. With over 500 employees in Germany, Spain and Italy, Pluta offers a wide range of services, from the restructuring and continuation of companies in crisis or insolvency situations to the secondment of restructuring experts to corporate bodies.