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.

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