"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


Losses keep growing for HelloFresh

14/08/2017

Over the course of the first half of 2017, meal box delivery service HelloFresh has seen both its turnover and its losses grow significantly. This gives mixed messages in the preparation of its IPO, which is planned for the fall of 2017 to create room for more investments.

Italian gelato is European market leader

11/08/2017

Italian cuisine is revered all across the globe, with people often thinking of pizza and pasta. However, Italians also have an ironclad reputation when it comes to ice cream. This is also reflected in sales, as Italians are the European market leader.

Oprah Winfrey and Kraft Heinz join forces

10/08/2017

American tv star Oprah Winfrey has joined forces with Kraft Heinz to develop a range of “healthy and nutritious soups and side dishes”. The range, currently only available in the United States, should help Kraft Heinz generate turnover growth once more.

Ahold Delhaize continues to struggle in Belgium

09/08/2017

Belgian-Dutch supermarket group Ahold Delhaize has had a very good second quarter, with the company thinking last year's merger could result in lower costs than previously anticipated. On the other hand, Belgium's performance is still weak.

Sainsbury’s wants to cut 1,000 jobs

07/08/2017

Sainsbury’s, the second largest supermarket chain in the United Kingdom, is allegedly planning to cut 1,000 office jobs in order to save up to 500 million pounds (550 million euro).

Higher Kraft Heinz profit despite lower turnover

04/08/2017

Food company Kraft Heinz’ second quarter like-for-like turnover dropped slightly, but the American company did manage to seriously enhance its profitability.

Back to top