Will Lili Pink close? Prosecutor's Office confirmed that more than 400 stores will remain open while investigation advances
Despite the domain forfeiture process advancing on the women's lingerie chain Lili Pink, its stores will continue to operate normally and...
TL;DR
- Lili Pink stores in Colombia will remain open despite a domain forfeiture process and ongoing investigation.
- The Prosecutor's Office confirmed that affected assets will continue their business operations under provisional state administration.
- The investigation involves a suspected business network using Lili Pink's structure to launder money and introduce illicit goods into the country.
- Measures have been imposed on 405 commercial premises, 40 properties, 8 vehicles, and one company across 59 cities and municipalities.
- The case is linked to potential money laundering exceeding $730 billion COP, illicit enrichment over $430 billion COP, and contraband over $75 billion COP.
- Lili Pink, founded nearly 20 years ago, is a leading women's lingerie chain in Colombia, acquired by the Panamanian holding Lili Brands in 2015.
- Fast Moda S.A.S. manages Lili Pink's operations and franchises in Colombia, employing over 2,300 people.
- Arrest warrants against executives are being executed, but commercial operations are not expected to halt.