Belgian bankrupt outlet chain Mega World has not found a buyer after all: the bid of the only candidate, a German retailer, turned out not to be sufficient.
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Belgian outlet chain Mega World is bankrupt: after the Court of Appeal decided on Monday morning that the retailer would not be protected against creditors, there was no other way out. 650 jobs will be lost.
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Electronics retailer Fnac Darty reinforces its omni-channel model and focuses on additional services and new product groups. This led to good revenue growth in the third quarter, with strong online sales.
French group Fnac Darty has an agreement with Mirage Retail Group on the sale of the Dutch electronics retailer BCC, allegedly for a symbolic sum.
Dutch retailer Blokker has once again incurred substantial losses, and turnover almost halved. Still, its CEO sees "improvements" - and important issues with its online and Belgian activities.
Michiel Witteveen, the owner of the Dutch Blokker chain, has bought the Dutch franchising rights to the fast-growing Chinese discount chain Miniso. The goal is to have three stores next year, and fifty stores in the not too distant future.
The Dutch Blokker Holding has adopted a new name: Mirage Retail Group. This kills two birds with one stone: it avoids confusion between the Holding and the eponymous store chain, and cuts the ties with the former owners.