ALICANTE, Spain — Alhambra and Lizzo are back on solid footing after a “great response from our customers at Heimtextil and Deco Off, and the 2015 collections have had a great success,” says Juan Climent, a principal of the two companies.

“The Spanish market is moving out of recession and you can see new buildings in construction in Spain today,” Climent says.  Juan Carlos Climent (left) and his father Juan

Alhambra International emerged from its Spanish Court approved default plan (similar to Chapter 11 in U.S.A.) this past September, 2014, with a clean balance sheet having all of its debts primarily to banks and a few smaller creditors suspended for the next two years, Climent says. 

The official court recorded default was certified in July, 2014. Alhambra got into financial difficulties when it purchased Pepe Penalver in 2009, a Spanish retailer, only to see the bottom drop out of this business during the recession in Spain of 2010, Climent confirms.

“Alhambra, in business for 38 years, will begin to pay down its debt in the third through ninth years, which amounts to 70 percent of its original obligation with no interest charges,” according to Climent, principal of Alhambra, the parent company of Lizzo.

Climent, 64, was present at Heimtextil, 2015 with his son Juan Carlos Climent, the next generation management of Alhambra along with Juan’s younger brother Jose, who runs the 15-year-old Lizzo high-end editeur brand owned by both brothers

Alhambra exhibited at Heimtextil, 2015 and also at Deco Off in Paris but its editeur brand ‘Lizzo’ exhibited in a separate showroom on Rue Bonaparte in St. Germaine on the Left Bank as part of Deco Off. Alhambra also exhibited at Deco Off on Rue Cardinale and later on this year at Intirio, the Elle Décor Show and also in Delhi India this past February.