We understand that a new investor has been found for the bankrupt MBT (Masai Barefoot Technology), but the takeover proposal must still be approved by the bankruptcy court in Switzerland and the creditors. Meanwhile, the Spanish subsidiary of MBT, which is profitable and excluded from the bankruptcy proceedings, is reportedly taking over ownership of MBT's intellectual property rights in the U.K., where MBT's subsidiary has gone bankrupt, and of the eight MBT stores and five factory outlets operating in the country.

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