'New reorganisation required at Selexyz'

Dutch chain of book stores Selexyz still has not got things in order financially. The company will have to reorganise activities for a second time in a few months, financial consultants Grant Thornton advise. They have studied the situation at Selexyz on orders from the board of directors, who in turn have been urged on by house banker ABN Amro.

Selexyz announced a reoganisation in May, striking 44 jobs at its stores. According to Grant Thornton the headquarter in Houten also requires a reoganisation. Ceo Mathijs van Lely does not want to comment as yet. ‘There is a concept advise, which we will first discuss with the board’, he says.