Macintosh' Dutch subsidiaries file for bankruptcy | RetailDetail

Macintosh' Dutch subsidiaries file for bankruptcy

Macintosh' Dutch subsidiaries file for bankruptcy

Macintosh Retail's board has now filed for bankruptcy for its subsidiaries Steve Madden, Dolcis, Invito, Manfield, PRO Sport and the Dutch retail group's eCommerce branch.

Brantano not included so far

The shoe chains' parent company was declared bankrupt last week, but its subsidiaries do not seem to escape its downfall. Up until now, only a suspension of payment had been given to the majority of the remaining companies (including the Hoogenbosch Retail Group, which encompasses several other Dutch chains).

 

Dutch media now expect the board's request to alter its suspension of payment into a bankruptcy will be handled by a Maastricht court today. All stores and web shops will remain open for the time being.

 

Belgian subsidiary Brantano's shoe stores will continue to operate without any suspension of payment according to Belgian business paper De Tijd.

 

In the meantime, the board is still talking to several possible buyers and banks, with all cards still on the table, including selling separate divisions or splitting up the entire company into separate entities.

Questions or comments? Please feel free to contact the editors


EU votes for better organic label legislation

20/04/2018

European Parliament adopted a bill to regulate the organic industry: things will be stricter, but also fairer and clearer. An organic label and importation legislation should help promote Europe’s local organic manufacturing companies.

Heineken and Bavaria seek fortune outside of Europe

19/04/2018

Even though the European beer market continues to struggle, Dutch brewery groups Heineken and Bavaria have published growing turnovers. Bavaria set a record turnover, Heineken raised its turnover 4.3 % in the past quarter.

Danone boasts strongest like-for-like turnover increase in past five years

19/04/2018

French food giant Danone’s first quarter was an impressive one: like-for-like turnover grew 4.9 %, its best performance in the past five years.

Weak dollar has negative impact on Unilever

19/04/2018

Unilever has seen its first quarter turnover drop more than 5 % because of negative exchange rate fluctuations. Excluding that impact, the food and care product manufacturer’s turnover would have grown 3.4 %.

End in sight for price dispute between Nestlé and Colruyt, Edeka and Intermarché?

17/04/2018

ColruytEdeka and Intermarché are approaching a deal in their price dispute with Nestlé. The Swiss food manufacturer will make concessions in a new proposal as the retailers’ supplies are dwindling.

Carrefour and E.Leclerc start arms race for urban pick-up locations

17/04/2018

The French e-commerce market has seemingly opened up a new area of competition: Carrefour and E.Leclerc have both opened so-called “drives piéton”, pick-up locations for pedestrians in urban centers.