Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Business
bankruptcy
de Slegte
Donner bookstore
Polare
Selexyz
UWV
Tuesday, 25 February 2014 - 04:36
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Polare bookstore in bankruptcy

After receiving an extension for payment, chain bookstore Polare was officially declared bankrupt, announced the curator, Kees van de Meent Monday afternoon. The stores will remain open for now. The bankruptcy was a necessary requirement for the Employee Insurance Agency (UWV) to pay overdue wages.

Employees are guaranteed to receive their wages for a maximum of 6 weeks, paid by UWV. The Polare stores closed all Dutch locations early February to facilitate a strategic reorganization. Although the supplier stopped deliveries the stores reopened as it is easier to sell stores that are open. The stores are for sale separately or in clusters, according to the curator. Polare was formed by the merge of Selexyz and De Slegte, two bookstores that were performing poorly and were bought by an investment company. The Polare stores in Maastricht, Tilburg, The Hague, Groningen, Zwolle, Den Bosch, and Nijmegen already struck the interest of potential buyers. Five employees of the Rotterdam Polare bookstore started a crowd funding project to attempt a restart of their store as the Donner store it used to be. They need to bring together half a million euros from customers and investors to keep the store going as a coöperation. 20 euro shares are sold to stimulate the ties with the store.

Follow us:

Latest stories

  • Tax authorities won't start collecting debts caused by pandemic until late August
  • ANWB receives more breakdown reports due to warm weather; up to 4,300 cases
  • Landlords in Rotterdam often charge too much rent, study shows
  • Heat protocol activated for the entire Netherlands on Sunday, Temps up to 30 degrees expected
  • Hundreds of Ukrainian refugees arrive in the Netherlands per week, but influx levels off
  • State secretary warns supermarkets not to use tricks to circumvent national ban on tobacco sales

Top stories

  • Major fire in Ter Aar, now under control
  • Tropical temperatures expected in the Netherlands this weekend; free sunscreen at beaches
  • Train traffic in Amsterdam running again after temporary halt due to ProRail's relocation
  • All overnight trains cancelled near Amsterdam; Schedule should resume Saturday morning
  • Many households see monthly energy bills fall by 14 percent
  • EU asylum deal a "building block" to reduce influx to Netherlands, State Sec. says

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content