DA also requests suspension of payment | RetailDetail

DA also requests suspension of payment

DA also requests suspension of payment

Convenience store chain DA Retailgroep joins V&D Group and Macintosh Retail Group as it has also asked the court in Amsterdam to grant its request for suspension of payment. All of the chain's stores will remain open.

Hope for relaunch

Convenience store chain DA has 266 stores in the Netherlands, although a mere 7 are owned by DA Retailgroep itself as the others are in the hands of independent entrepreneurs. All stores, including its own web shop, will remain open, while its 200 employees will also keep their job for the time being.

 

Not only has the court granted its request for suspension of payment, it has also been given a cooling-off period. This means that suppliers cannot reclaim their products currently located at DA Retailgroep for now.

 

The chain has been in trouble since 2013 and mainly suffers because of the competitive edge from major chains like Kruidvat and Etos. Labour union CNV already issued a statement saying it believes it is possible for the majority of stores to survive in a relaunch.

Questions or comments? Please feel free to contact the editors


Australian cult brand Aesop opens in Belgium

04/06/2018

Aesop, an Australian beauty brand, is to open a first store in the Belgian fashion capital Antwerp. It would be the first own store for the chain in the Benelux. 

Henkel stays steady in difficult market conditions

09/05/2018

Despite negative exchange rates and logistical issues in the United States, Henkel still sees positive signs in the first quarter. Its glue division outperformed the laundry and beauty divisions.

P&G wants 100 % recyclable packaging by 2030

17/04/2018

Procter & Gamble has announced new sustainability targets for 2030, as it has already – for the largest part – reached its 2020 targets. One of its goals is to make sure that all packaging is recyclable or reusable.

Zalando launches beauty product sales

23/03/2018

Zalando launched its beauty product range in Germany today, which it announced in October. Markets outside of Germany will follow later.

CK Hutchison owner steps down

19/03/2018

Li Ka-shing, CK Hutchinson’s owner and CEO, will step aside mid-May. The 89-year old will then pass on the baton to his eldest son, Victor Li, who will then take control of chains like Kruidvat and ICI Paris XL.

Europe wants global ban on animal testing for cosmetics

27/02/2018

Several Members of the European Parliament say the current European ban on animal testing for cosmetic purposes needs to be extended to a global one.