Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Intertoys on Damrak in Amsterdam Centrum
Intertoys on Damrak in Amsterdam Centrum Photo: NL Times
Business
Intertoys
toy store
bankruptcy
Thursday, February 21, 2019 - 16:10
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Dutch toy store chain Intertoys declared bankrupt

Toy store chain Intertoys was declared bankrupt by the court in Amsterdam on Thursday. The chain's stores will remain open for the time being at the request of the bankruptcy administrators, who are still focusing on a restart for the company, NU.nl reports.

The bankruptcy mainly means that Intertoys' debts are unlikely to be repaid, according to the newspaper. The administrators are now focusing on settling the company's obligations and selling its assets. The salaries of he 3,200 employees, who share 1,600 full-time jobs, will be paid out. All other obligations made during the deferment of payments will also be fulfilled. The administrators will try to retain as many jobs, shops and franchisees as possible.

Intertoys recently filed for a deferment of payment. The toy chain could not compete with online sellers and discounters. Over the past decade, Intertoys saw its toy sales decrease by half. 

The bankruptcy affects the 286 Dutch stores, two distribution centers and the Intertoys service office. The stores owned by 100 Dutch franchisees and the Belgian activities are not part of the bankruptcy. 

Follow us:

Latest stories

  • Northern provinces scaling down regular care as Covid infections rise
  • 50th gorilla born at Apenheul in zoo's 50th year
  • Amsterdam man convicted in sex club slayings shot dead in front of daughter, 7
  • PM Rutte pleads for quick cabinet formation after election
  • 4,161 new coronavirus infections brings average down 3 percent
  • Energy sector wants next cabinet to invest fully in hydrogen

Top Stories

  • Amsterdam man convicted in sex club slayings shot dead in front of daughter, 7
  • 4,161 new coronavirus infections brings average down 3 percent
  • Dutch politics fragmented: 15 parties have chance at parliamentary seat
  • MPs against nuclear power plant in Groningen
  • Most NL residents think restaurant terraces can reopen safely
  • Coronavirus average hits new five-week high

© 2012-2021 NLTimes.nl, All rights reserved.

Footer menu

  • Privacy
  • Contact