The Bodywear Office, which was declared bankrupt in February, is being revived by tBO International, which trades under the name The House of Lingerie.
With permission from the district court of Rotterdam, The House of Lingerie paid €5000 for the "goodwill" of tBO, and €13,500 for its assets, according to legal papers from Houthoff Buruma, which has been appointed by authorities in The Netherlands to investigate the bankruptcy.
A detailed list of assets has not been disclosed, but is known to include "various batches of lingerie in various locations". It is likely to include inventory from the brands that tBO used to represent: Madame SuperTrash, Jenny Packham Intimates and Hackett underwear.
There were 45 creditors discovered by Houthoff Buruma when tBO went bust, seeking a total of 967,718 euros. "It is not yet known if the creditors can be paid," the law firm said in a report seen by Lingerie Insight.
In an emailed statement, tBO said it has entered a period of transition and is currently unable to comment on the takeover.