Romanian promoter Sorina Burlacu may be losing at least two of her companies to bankruptcy, but she’s ready to get back to business through a new one she set up last November.
The Romanian trade register shows she and her mother Helen Obreja, the same shareholders as the tanked companies, have set up Administrative Events LLC, according to Romanian newspaper Evenimentul Zilei.
Unlike the other, Bucharest-based companies, the new company – believed to be the fifth Burlacu has started under the Events Brand – will be based at Ghermÿneÿti, a village directly north of the capital in Ilfov County.
Burlacu blamed the bankruptcy on the domino effect of being owed euro 120,000 by Austrian promoter Rock & More, which also went bankrupt. She has promoted The Rolling Stones, Gianna Nannini and did the country’s Coke Live Festival before losing it to rival promoter Emag!c.
Burlacu is also facing a euro 60,000-plus lawsuit from Marcel Avram’s United Promoters, which is taking action over a Gianna Nannini show his company promoted with Events in September 2008. Avram isn’t commenting on the case, which is due in court Feb. 10.
Two years ago Events was said to be the biggest promoter in Romania, with Evenimentul Zilei reporting Burlacu’s companies made euro 376,000 from a euro 3.45 million turnover.