"Dutch fashion retailer Mexx close to relaunch" | RetailDetail

"Dutch fashion retailer Mexx close to relaunch"

"Dutch fashion retailer Mexx close to relaunch"

Bankrupted Dutch fashion company Mexx is facing important days as its Dutch guardian has stated he feels a relaunch is imminent. Mexx was declared to be bankrupt in December, creating a domino effect starting with the Dutch company, followed by the Belgian and German branches.

Guardians in talks with possible buyer

There might be light at the end of the tunnel for the Dutch company however: the guardians have told the employees that there is an interested buyer, but that there will still be talks before things can be finalized. Biggest issue is that its supplies have been mortgaged and the pledgee has to agree to enable its sale, according to the Financieele Dagblad.

 

The potential buyers want to keep large parts of the company active, with plenty of stores and a majority of the staff - both in Belgium and the Netherlands. Globally, the group has some 1,500 employees.

 

Belgian guardians hope to hear something soon

The guardians for the Belgian branch hope to hear something soon from their Dutch colleagues, as they have been forced to follow the entire situation through the media. With no more new clothes deliveries, the chain is running low on supplies. That might be a problem as the chain is currently renting some ten stores in Belgium and the rental agreements have to be cancelled prior to the end of the month if everything gets shut down.

 

The remainder of its Belgian stock is currently being sold in Inno shop-in-shops, while a series of franchisees have already switched brands, leaving the Mexx group altogether. 

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