e5 Mode

Belgian textile entrepreneurs Peter and Kristof De Sutter have been appointed by the Commercial Court of Dendermonde as the buyers of bankrupt fashion chain e5. With a bid of 2.5 million euros, the Flemish family beats Colruyt Group and Danish fashion player BTX.

Responding more quickly to trends, avoiding overstocks, controlling cash flow and maintaining margins: since corona, these are more than ever priorities for fashion retailers. Tonickx helps them to get new collections on the shelves within six weeks.

Belgian fashion group FNG has no intentions to take over its local competitor e5 mode, and the recent commercial partnership between the two is no stepping stone. That is FNG's message in a press release, which however raises more questions than it answers.