faillissement

Martijn Rozenboom has acquired five Dutch chains of the bankrupt FNG group. The Belgian stores, meanwhile, are still waiting for more news about their fate.

Dutch retailer Hema has entered the Mexican market via a webshop. The opening of 200 physical stores - scheduled for this year - has been delayed due to the Covid-19 crisis.

Another turbulent week has delivered two more episodes to the saga about Belgian fashion retailer FNG. As an examining magistrate started a legal investigation, a former 'sibling' announced it wants to buy the Brantano chain.

Trouble at French retailer Camaïeu: the unions accuse management of wilfully sending three foreign branches into bankruptcy by 'rerouting funds'. Current CEO Joannes Soënen, who is in the running to retake control of the chain for a reboot, denies the charges.

The end game has begun for FNG: seven candidates would be interested in acquiring parts of the Belgian fashion group, which has reopened its stores in order to clear the current stocks.

Belgian fashion group FNG has filed for bankruptcy, as it was unable to find investors in time. The bankruptcy does not involve all of FNG's activities, however: the Dutch branch asks for protection against creditors, the Scandinavian branch is completely unaffected.

Closed stores and stock that cannot be sold: the havoc that corona will wreak in the fashion retail is becoming increasingly apparent. New studies now predict which chains will be the first to fall...