Caméléon launches "last ditch plan"

Caméléon launches "last ditch plan"

Caméléon's parent company has filed a plan to save the company from bankruptcy to the commercial court in Brussels. A judge will now decide the company's future.

"Drastic measures"

Caméléon's specialty is to buy all the surplus from large fashion brands, but it currently has a 10 million euro debt. In order to be able to continue, it had to present a restructuring plan.


"We have done the most realistic in order to save the company. If this plan does not succeed, the company will go bankrupt. We have taken drastic measures, but we want continuity and the company to survive", crisis manager Pascal Leurquin said.

Questions or comments? Please feel free to contact the editors

Small growth for Metro in 2016/2017


Metro’s preliminary results show that the German retailer has achieved a 1.6 % growth in its 2016/2017 fiscal year. Even on a like-for-like basis, there was still a slight growth: Metro itself considers it to be a successful year.

Tepid summer leads to weaker ice cream sales for Unilever


The past summer was not one with a lot of hot days and that has had its effect on Unilever’s ice cream sales. The division’s sales therefore slumped 6.7 %.

Danone alters management structure


Danone has decided to alter its board structure. The position of chairman and CEO are now both occupied by current CEO Emmanuel Faber.

Difficult third quarter for Carrefour


Carrefour’s quarterly results from last Wednesday clearly illustrate the major challenges the current CEO and his team face, especially in Western Europe. Belgian like-for-like turnover also dropped.

Sainsbury’s will cut 2,000 jobs


British supermarket chain Sainsbury’s is to cut about 2,000 jobs in the United Kingdom, aiming to save up to 500 million pounds (560 million euro) in an attempt to compete with discounters.

Ferrero and Unilever will create Kinder ice cream together


Italian Ferrero has struck a deal with Unilever to create Kinder ice cream. Unilever already has plenty of experience in that area, with Magnum as one of its most iconic brands.

Back to top