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 - Credit: Photo: NL Times
Business
Intertoys
bankruptcy
restart
Green Swan
layoffs
Friday, 8 March 2019 - 13:00
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Restart for part of Intertoys; half of jobs saved

Part of bankrupt toy store chain Intertoys is going to make a new start, the company announced on Friday. Portuguese investor Green Swan is acquiring half of the 286 stores. The others will have to close, NU.nl reports.

Depending on the number of stores that can remain open, between 1 thousand and 1,500 jogs will be retained, a spokesperson for the company said to the newspaper. Intertoys currently has 3,200 employees. At least half of them will be able to keep their jobs, according to the newspaper. At least 91 stores will close by mid-May at the latest.

In total, Intertoys has 400 branches, two distribution centers and a service office. But the stores of the around 100 Dutch franchisees and the chain's Belgian activities fell outside the chain's bankruptcy. They will have to decide whether they want to continue under the new Intertoys.

Intertoys was declared bankrupt by the court in Amsterdam on February 21st. The toy store chain struggled with falling sales for years, partly due to the growth of online stores and discount stores.

Green Swan previously also bought Maxi Toys and Belgian toy chain Bart Smit.

Follow us:

Latest stories

  • All train traffic halted to and from Amsterdam Central Station due to malfunction
  • New push to end voluntary parent cash contribution for elementary schools
  • Rush to mega lawsuit by Pensioen Voldoen: 50,000 victims join in to claim pension losses
  • Max Verstappen wins the Spanish Grand Prix
  • Students at TU Eindhoven find safe way to store hydrogen using iron pellets
  • Minister Dijkgraaf finds day off for Keti Koti "interesting idea"

Top stories

  • All train traffic halted to and from Amsterdam Central Station due to malfunction
  • Amsterdam apartment building uninhabitable after major fire
  • Marechaussee team investigating war crimes back from Ukraine
  • Hundreds of people take part in last day of " Rule of Law Week" in The Hague
  • Major fire in apartment building in Amsterdam, hundreds of residents unable to return home
  • Peru moves Joran van der Sloot for extradition to the US, disappearance of Natalee Holloway

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

Footer menu

  • Privacy
  • Contact
  • Partner content