V&D asks for suspension of payment

V&D asks for suspension of payment

V&D Group has asked the Amsterdam court to grant it suspension of payment, which has subsequently been given. The company had to take this drastic step after the American owner, Sun Capital, refused to invest any further.

Web shop shut down already

Not only department store chain V&D, but also the La Place restaurant chain will get the suspension of payment as they are both part of the same company. The stores will still be open, but the web shop will shut down already. Orders will no longer be delivered and customers can also no longer return their orders, which may be a very nasty surprise for customers who had placed Christmas orders.

 

"We hope to give our employees, customers and suppliers as much clarity about the future of V&D and La Place as soon as possible. Alongside the owners, we will examine all options for the future", CEO John van den Ent told RTL.

 

Owner Sun Capital had previously promised to keep investing in V&D, but new setbacks have made the owner go back on its promise. Dixons' shop-in-shop disappeared and warm weather in November and December resulted in lower sales.

 

Normally, V&D would have presented a new concept, with an increased focus on women, but it remains to be seen whether it will ever see the light of day.

Questions or comments? Please feel free to contact the editors


Shoptalk Europe: prices go up at midnight

21/09/2017

(advertorial) Shoptalk Europe, the event for retail and ecommerce innovation held 8-11 October 2017 in Copenhagen, covers trends, technologies and business models reshaping how consumers discover and shop in an age of digital disruption.

EuroCommerce: protectionism, Europe’s greatest challenge

15/09/2017

(Content provided by EuroCommerce) According to EuroCommerce Director-General Christian Verschueren, the sector faces many challenges due to a rising tide of protectionism worldwide and within Europe.

Last ten days for cheaper tickets Shoptalk Europe

14/09/2017

(advertorial) Shoptalk Europe (8-11 October in Copenhagen) is the new event for retail and ecommerce innovation. It covers transformational trends, technologies and business models reshaping how consumers discover and shop in an age of digital disruption.

"EU has to define eCommerce's boundaries better"

13/09/2017

Dutch European Parliament member Marietje Schaak feels the European Commission should create a better framework for digital trade in and with European member states. Otherwise, major internet companies will decide the standards themselves, she fears.

Europe wants legal framework for franchisees

13/09/2017

The European Parliament has accepted the “The functioning of franchising in the retail sector” study, which lists several solutions to strengthen a franchisee’s position.

Google appeals European fine after all

12/09/2017

Despite earlier indications that Google would just alter its Google Shopping approach to comply with European legislation, it has now decided to appeal the monster fine.

Back to top