Suppliers of Dutch webshop VD.nl have not received payments for some time now and may never be paid in full, as the retailer launched proceedings to reach an amicable debt settlement. Managing director Alexander van Slooten asks for patience.
Delay in payments
An e-mail to suppliers with an update on the webshop’s financial situation, that the RetailDetail editors were able to get hold of, admits that there is a serious delay in payments to suppliers. It continues to say that the company has therefore started so-colled WHOA proceedings, referring to a relatively new Act in the Netherlands that allows companies to reach an agreement with their creditors to avoid bankruptcy.
