Mexx's German branch also bankrupt | RetailDetail

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


Carrefour Belgium launches personal shoppers with 90 minutes delivery

19/07/2018

In the intense struggle for the customers' favour, Carrefour Belgium has presented a new service - featuring personal shoppers, delivery within 90 minutes and an app that can be expanded into a market place.

Cultured meat in stores by 2021?

18/07/2018

Commercialization of laboratory cultured meat is coming closer. Pioneer Mosa Meat has raised 7.5 million euros for the construction of a factory that will bring an affordable product to the market within three years.

Aldi commits to renewable energy

17/07/2018

Aldi Nord has published an ambitious international climate policy: the retailer wants to reduce greenhouse gas emissions by 40% by 2021 and reveals some compelling figures in its second sustainability report.

Discounters' major opportunities for growth in Western Europe

16/07/2018

Despite the multitude of stores in most European markets, discounters plan to open up to ten million square metres of store surface in five years' time. Even in so-called saturated markets they still see a lot of chances for growth, LZ Retailytics says.

Contamination bites huge chunks of Greenyard's value

16/07/2018

Vegetable producer Greenyard is under attack after a listeria contamination in its Hungarian factory. The company says to have taken all necessary measures, but the share price plummets.

Starbucks dumps plastic straws worldwide

12/07/2018

American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.