Grupo Toky cites high interest rates and family debt as causes; case is being processed under judicial secrecy
O brand controller e filed a request for judicial recovery. The process was filed with the Bankruptcy and Judicial Recovery Court of the Central Civil Court of the State of São Paulo this Tuesday (May 12, 2026). The company communicated the decision through a relevant fact to the (Securities Commission).
The request was formalized after authorization from the board of directors, according to information from the . The process is being processed under judicial secrecy.
The group attributes the decision to the challenging macroeconomic environment faced by the furniture and decoration retail sector. High interest rates and the higher level of debt among Brazilian families put pressure on the company’s operations.
“Despite the efforts made by management in negotiating debt restructuring with the creditors of the subsidiary Tok&Stok, the group’s high indebtedness persists and has been getting worse”stated the company in a material fact to the CVM.
The financial situation “requires the urgent adoption of additional measures aimed at preserving its activities, protecting its liquidity and enabling the implementation of an orderly restructuring of its debt and capital structure”he declared.
According to the report, the Toky Group’s management carried out negotiations with Tok&Stok’s creditors before filing the request.
The request for judicial recovery seeks “protect the company and its subsidiaries, enable the continuity of their activities, preserve the services they provide, preserve their value and social function, as well as create conditions for negotiating and implementing an appropriate solution for their obligations”said the company.
The company intends to restructure its debt and capital structure. The judicial process will allow negotiations with creditors under legal protection.
