The Dutch home goods retail chain Rivièra Maison has been declared bankrupt. The family business, known for its country style, has been struggling with financial problems for several years. Seven physical stores and around 300 employees have been affected.
“Ralph Lauren of home decor”
According to insiders, the situation at Rivièra Maison deteriorated rapidly in recent months, as reported by PZC. Employees report that bills could no longer be paid. The most recent figures from the Chamber of Commerce confirm: the net loss for 2023 amounted to 5.8 million euros, while short-term debt rose to 10 million euros.
The brand, founded in 1985 by current director Henk Teunissen, grew into an international chain with branches in Germany, Poland, Switzerland, and the Scandinavian countries. Today, there are seven stores in the Netherlands, but Rivièra Maison also sold its products internationally through other retailers and online. The 21,000 square meter distribution center in Amsterdam served as the logistical heart of the organization.
The online store is now closed; according to the website, there is a “temporary outage,” but the payment function has been disabled. Rivièra Maison has struggled in recent years with rising logistics costs, inflation, and changing consumer behavior. The combination of a niche positioning in the higher market segment – Teunissen referred to it as the “Ralph Lauren of home decor” – and the decrease in purchasing power proved fatal. An administrator will now examine whether a restart is possible.
