Mexx's German branch also bankrupt

Mexx's German branch also bankrupt

Fashion chain Mexx's German branch has been declared bankrupt, just like the Dutch branch earlier this month. In total, some 35 stores are affected, although they will remain open for the time being as the chain may continue in a slimmed down capacity.

Lower turnover

Mexx Germany managed a 2013 turnover of some 40 million euro, but wasn't able to repeat that feat in 2014. As the German stores no longer had the financial support from its Dutch parent company, it became really difficult to survive and - prompting its bankruptcy. Guardian George F. Kreplin emphasizes the stores will remain open, while he will also try to keep incoming shipments going.

 

Mexx Netherlands went bankrupt at the beginning of December and its guardian also decided to keep its 315 stores open. The company had been struggling for a few years already.

Questions or comments? Please feel free to contact the editors


FrieslandCampina sells fruit juice division

17/08/2017

Dairy company FrieslandCampina has sold its fruit juice division, which also contained the Appelsientje brand to Dutch investment firm Standard Investment.

Carlsberg's turnover increases despite lower volumes

16/08/2017

In the first half of the year, Danish beer brewer Carlsberg’s turnover grew 2 % to 31.8 billion krona (4.3 billion euro). The improves sales for its more expensive beers, like Grimbergen, contributed to this turnover increase.

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.

Back to top