Overview
- The commercial court declared Se Ve S.A.'s concurso preventivo open this week and appointed accountant Enrique Raúl Pelle as síndico, with creditors required to file verification requests by December 18, 2026.
- In its court filing the company reported total liabilities of $474 million as of August 31, 2025, while the BCRA Central de Deudores registry records $415.9 million in bank commitments.
- Banco Santander holds the largest single banking exposure, about $290.7 million listed in a high-risk category, making its stance central to any restructuring outcome.
- Se Ve blames a 2024–2025 fall in domestic consumption, steep rises in replacement and operating costs, and a jump in inventory that froze working capital and led to missed bank payments beginning in January 2026.
- Classified as a 'pequeño concurso' because it has fewer than 20 employees, the case follows an accelerated calendar with sindicatura reports due in March–April 2027 and an informative hearing set for October 18, 2027, and it could affect local suppliers, workshops and the brand's two Buenos Aires stores.