Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
ncBa8AQN
MS Mode logo (Photo: @MSMode_NL) - Credit: MS Mode logo (Photo: @MSMode_NL)
Business
Frits Kemp
MS Mode
MS Mode bankruptcy
Rabobank
UWV
Friday, 12 August 2016 - 10:05
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Fashion goliath MS Mode declared bankrupt

The Dutch parts of fashion chain MS Mode was declared bankrupt by the court in Amsterdam on Thursday. Administrator Frits Kemp also announced that the 130 Dutch branches will be closed for the time being, ANP reports. Kemp announced earlier on Thursday that they've filed for bankruptcy as negotiations with involved bank, Rabobank, are not coming to an agreement on the sharing of costs. Benefits agency UWV is taking over the about 660 employees' salaries as the company has no money to pay it. Chances seem small for MS Mode to make a restart, especially now that the shops are closed. The shutdown of a bankrupt company makes it less attractive for potential buyers to continue with that company.

Follow us:

Latest stories

  • Putin played an active role in conflict around MH17 downing; No new suspects prosecuted
  • ABN Amro profit up over 55% to €1.9 billion due to rising interest rates
  • TikTok showing triggering videos to people with eating disorders: report
  • Upcycle shop at Rotterdam Central Station gives second life to NS material
  • Dutch government can't limit family reunification for refugees, Council of State rules
  • New results in MH17 investigation presented this afternoon

Top stories

  • Putin played an active role in conflict around MH17 downing; No new suspects prosecuted
  • 42% of secondary school teachers witnessed anti-Semitism in class
  • 40% of home buyers end 2022 were first-time buyers
  • Dutch team rescues 6 people from rubble in Turkey; Death toll climbs to 8,100
  • Rutte tells Erdogan the Dutch can offer more help; Dutch donate millions in relief aid
  • Netherlands, Germany & Denmark buying at least 100 Leopard 1 tanks for Ukraine

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

Footer menu

  • Privacy
  • Contact
  • Partner content