Mar 5 • 21:01 UTC 🇦🇷 Argentina Clarin (ES)

After the bankruptcy of Garbarino, its owner pointed at Alberto Fernández: "I tried to save a historic company that no one wanted to buy"

Carlos Rosales, the owner of Garbarino, criticized the Argentine government and its pandemic measures for his company's recent bankruptcy.

Carlos Rosales, the owner of Garbarino, publicly addressed the media following the company's bankruptcy, primarily blaming the Argentine government's measures during the COVID-19 quarantine. In an interview with Clarín, he emphasized that the issues faced by Garbarino were part of a larger systemic problem where the state had the power to shut down the economy without considering the dire consequences for businesses, especially retailers. He lamented that essential operations could not continue due to strict regulatory measures put in place in April 2021, suggesting that this was not merely a matter of business management but a fight for survival.

Rosales stated that his attempt to buy and save Garbarino was made during one of the country's worst economic crises, highlighting the challenges that entrepreneurs face in such turbulent times. Despite his efforts, he found that few were willing to acquire the struggling company amid the collapse, further compounding his predicament. The bankruptcy decision, which has brought a lot of scrutiny and concern, marks a significant failure not just for the company but also raises questions regarding government policies and their impact on the commercial sector.

This incident reflects broader themes in Argentina, where economic instability continues to wreak havoc on businesses and investments. Rosales' comments suggest a potential critique of the government's handling of the pandemic's economic aftermath, highlighting the struggle for many companies that have been pushed to the brink due to restrictive policies. As Argentina grapples with its financial recovery, the prevailing sentiment among entrepreneurs like Rosales may call for a reevaluation of such regulatory frameworks to mitigate future crises.

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