Two possible buyers for Mexx Netherlands

Two possible buyers for Mexx Netherlands

Bankrupt Dutch fashion company Mexx's guardians are rumoured to be talking to two possible buyers and are hopeful they can finalize a deal by the end of the week.

New business plan

The guardians hope to facilitate a restart and have presented a new business plan to both possible buyers. There are also negotiations ongoing for the (separate) Belgian division, with three possible buyers lined up. Similar to the Netherlands, the guardians hope to restart the entire division, with all of its own stores intact.

 

The fashion brand, which went bankrupt last month, has 315 stores worldwide and employs some 1,500 people. If the acquisition is not finalized by the end of the week, all those stores will have to close.

 

The franchise stores, which are not part of the bankruptcy, are currently switching to other brands. The store in Belgian Deinze for example is currently remodeling and will remove all links to Mexx. Other stores are also working towards a new future as a multi-brand store.

Questions or comments? Please feel free to contact the editors


Wessanen's turnover thrives thanks to own brands

24/10/2017

Food company Wessanen’s third quarter turnover grew 7 %, mainly thanks to the excellent performance of its own brands. Some even experienced double-digit growth.

Carrefour Belgium reshuffles board

24/10/2017

Guillaume de Colonges, who recently became the operational head of Carrefour Belgium, has set his strategic priorities and reshuffled his Belgian board. The changes will be applied starting 1 November. 

EU guidelines on food donation helpful to reducing food waste

20/10/2017

(Content provided by EuroCommerce) The European Commission adopted yesterday on the World Food Day, EU guidelines on food donation. Retailers and wholesalers welcome these guidelines as supporting efforts to recover and redistribute food to those in need.

Small growth for Metro in 2016/2017

20/10/2017

Metro’s preliminary results show that the German retailer has achieved a 1.6 % growth in its 2016/2017 fiscal year. Even on a like-for-like basis, there was still a slight growth: Metro itself considers it to be a successful year.

Tepid summer leads to weaker ice cream sales for Unilever

19/10/2017

The past summer was not one with a lot of hot days and that has had its effect on Unilever’s ice cream sales. The division’s sales therefore slumped 6.7 %.

Danone alters management structure

19/10/2017

Danone has decided to alter its board structure. The position of chairman and CEO are now both occupied by current CEO Emmanuel Faber.

Back to top