Dutch Mirage Retail Group bankrupt

Dutch retailer Mirage Retail Group has filed for bankruptcy, as it has been dragged into the recent bankruptcy of its subsidiary Blokker.

Millions in debt

Mirage is liable for Blokker’s debts, including a debt of more than thirteen million euros to the tax authorities, while the landlords of Blokker stores have also filed claims. It was hoped that the sale of toy chain Intertoys to Belgian competitor ToyChamp would generate enough money to pay all creditors, but according to Dutch newspaper FD this was not the case.

Therefore, the retail group has now filed for bankruptcy as well. Administrators will try to sell the remaining parts of the company: Mirage still owns the seven Dutch stores of Chinese bargain chain Miniso, and a distribution centre in Geldermalsen with customers including Ahold Delhaize and Prénatal.