The judicial administrator of Pan Produtos Alimentícios Nacionais SA, filed this Monday (13) with the request for exchange of judicial recovery for bankruptcy, in the 1st RAJ (Judicial Administrative Region), in the TJSP (Court of Justice of São Paulo).
Under judicial reorganization since March 2021, the company declared in the request the “insufficient cash and the impossibility of settling liabilities, a fact that irremediably compromises its uplift”.
Still according to the document, the debt accumulated by Pan is around R$ 260 million. Currently, 52 employees continue to work at the company.
Another highlight of the document says that “for more than 20 years RECOVERANDA [Pan] does not pay his taxes regularly, conduct that has already been considered on other occasions as fraudulent and persistent”.
The trustee also alleges that a large part of Pan’s tax debts are old and have been going on since 2001, that is, for more than 20 years.
The judge gave a period of 48 hours for the trustee, Fabio Rodrigues Garcia, and the Public Prosecutor’s Office to manifest themselves.
A CNN contacted the company Pan, the Public Prosecutor’s Office and Garcia, but so far there has been no response.
previous order
The request for judicial recovery was filed on May 5, 2022 at the São Paulo Court of Justice (TJ-SP).
On August 16, 2022, the prosecutor of the Public Ministry of São Paulo (MP-SP), Júlio Sérgio Abbud, asked the Justice to consider declaring bankruptcy of the chocolate factory, due to tax debts of almost R$ 300 million.
Pan, founded in 1935, became known for manufacturing the chocolate “cigarette”, “Bala Paulistinha” – inspired by the Constitutionalist Revolution of 1932 – and for Chocolápis.
The “little cigarette” became a target of the Ministry of Health in the 1990s because it alluded to the adult habit of smoking, amid a greater awareness of the harmful effects of cigarettes.
Other products known by the consumer are Pão-de-Mel, Granules for sweets and cakes, milk chocolate coins, bonbons and gummy candies.
In October 2016, at the age of 81, Pan ceased to be a family business and changed hands. The objective was to launch bold plans to put the manufacturer back on the market and position it among the largest industries in the field in the country. However, that plan failed.
Source: CNN Brasil

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