Dutch Fashion brand Mexx bankrupt

Dutch Fashion brand Mexx bankrupt

An Amsterdam judge has declared Dutch fashion brand Mexx to be bankrupt. Its 315 stores will remain open for the time being, the receiver says.

"Keep stores open to find buyer"

The judge has appointed Frits Kemp as the receiver, who said he aims to keep the stores open as long as possible. That should enable the stores to sell its remaining stock and (hopefully) attract buyers more easily.

 

The Dutch chain has 315 European stores and 1,500 employees, who will have to wait anxiously to see if the chain will live on after its bankruptcy.

 

Struggled for a while

The chain has struggled for a while: since founder Rattan Chadha left (in 2006), turnover has halved to some 500 million euro according to fd.nl. Part of that turnover drop can be explained because an increased number of store closures.

 

Another reason for Mexx's decline was the growing influence on e-commerce on sales visit numbers. Still, the chain shut down its web shop earlier this year, reasoning - at the time - that it would soon release a new web shop that would be much improved.

Questions or comments? Please feel free to contact the editors


Aldi Nord and Aldi Süd collaborate for animal welfare

18/01/2018

Aldi Nord and Aldi Süd will join forces for a unique collaboration: they will launch their own animal welfare quality mark. “Fair & Gut” (Fair and Good) will launch in Germany for poultry products, but steadily expand.

Rewe uses chocolate pudding to see how little sugar is acceptable

18/01/2018

German supermarket chain Rewe has asked its customers how little sugar they can bear. It aims to lower its private label’s sugar levels, but the consumer will decide by how much.

Lidl dials down its American ambitions

18/01/2018

Lidl had hoped to have about a hundred stores in the United States by the summer, but will be forced to adjust its first-year goals. The German chain currently has 49 stores in the United States.

Carrefour looks back on difficult year

17/01/2018

Despite a fourth quarter improvement, French Carrefour has been through a very difficult year. Next week, CEO Alexandre Bompard is expected to set out new guidelines in order to give the retail giant's results a new push.

British supermarket chain Iceland gives plastic the boot

17/01/2018

British frozen food chain Iceland will be the first supermarket chain to cut all plastic packages from its private labels. By 2023, each of its 1,400 private label products will have more sustainable packaging, like cardboard and paper, alternatives to plastic.

AB InBev sells two German beers

17/01/2018

AB InBev has sold German beer brands Diebels and Hasseröder, alongside its breweries, to investment fund CKCF. The new owner wants to invest more in the two beer brands.

Back to top