"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. 

Questions or comments? Please feel free to contact the editors


Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Italian Food-focused theme park opens in Bologna

16/11/2017

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

CEO Bernard Deryckere will leave Alpro

16/11/2017

Bernard Deryckere, who was the man behind Belgian dairy company Alpro’s international success, will leave the company after sixteen years. Apparently, he will leave because of differences of opinion with its new owner, Danone.

Ahold USA trials robot in Giant Food Store

15/11/2017

Ahold USA is currently trialing a robot in a Giant Food Store. Its job is to detect dangers and then ask for assistance. He can also point out empty shelves and check prices.

India is promised land for Belgian apples and pears

14/11/2017

India is turning into the promised land for Belgian fruit farmers. It is already Belgian apples’ most important non-European market and Belgian pears are also promoted throughout the country.

Back to top