The parent company of the Hudson's Bay stores in the Netherlands, Karstadt in Germany, is considering closing stores this year or having the company declared bankrupt, the German WirtschaftsWoche reported based on internal documents on Friday.
The Sissy-Boy chian was declared bankrupt by the court of Amsterdam on Friday. The company filed for deferment of payment earlier this month. At that time, the company had 45 of its own stores and 600 employees, NU.nl reports.
The group made an attempt to become more profitable last year, by cutting costs and investing in stores. But like with many other retail chains in the Netherlands, Sissy-Boy suffered under a disappointing summer and winter, according to the newspaper.
The Enschede city council agreed to a support plan for FC Twente to prevent the football club from going bankrupt. The council agreed to write off part of the municipal loan to the club, and to convert another part of the loan into a subordinated loan on which no interest or repayment has to be paid. The condition to this agreement is that FC Twente returns its youth- and women's teams from Hengelo to Enschede as soon as possible, AD reports.
Icelandic airline WOW air canceled all its planned flights with immediate effect. This includes the daily flight between Amsterdam and Reykjavik. Both the flight to and from Amsterdam on Thursday are listed as canceled on Schiphol's website.
The new owners of toy store chain Intertoys are closing another 60 branches, the company said on Thursday. A total of 150 stores will close, and the group will continue with over 230 stores, around 100 of which are franchises, NU.nl reports.
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.
Crowds of people descended on Intertoys stores throughout the Netherlands over the weekend. As the toy store chain was declared bankrupt on Thursday, Sunday was the last chance customers had to spend their unused gift cards. Customers faced delays both on Saturday and Sunday due to technical problems caused by the crowds, ANP reports.
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.
Young Dutch startup Nerdalize was founded in 2013 with a plan to warm homes using the heat generated from servers, but the innovative company filed for bankruptcy just before the end of the year. The company raised at least 850 thousand euros in a crowdfunding campaign in 2016 after running a pilot program with energy provider Eneco.
The company raised another 750 thousand euros in a second crowdfunding campaign about a year ago, which led to the company winning the Crowdfunding Award last January.
Minister Cora van Nieuwenhuizen of Infrastructure and Water Managements considers it possible that "some form of the Stint" electric cargo bikes will eventually be allowed to ride on Dutch roads again. "But the doubts about safety must be removed", she said during a parliamentary debate on the matter on Tuesday, NU.nl reports.
The Dutch Safety Board is launching an investigation into the way in which patient safety was handled after MC Slotervaart in Amsterdam and the MC IJsselmeer hospitals in Lelystad and surroundings were declared bankrupt last week. The Safety Board wants to examine how the interests of the patients were weighed before and during the bankruptcy process, NU.nl reports.
The St Jansdal Hospital in Hardewijk plans to take over outpatient care in Lelystad, according to a message sent to the staff of the bankrupt MC IJsselmeer hospitals. St Jansdal confirms that there are plans, but that they are not 100 percent certain yet, NOS reports.
Stint Urban Mobility, the manufacturer of electric cargo bikes like the one that was involved in a fatal railway accident in Oss last month, is filing for bankruptcy on Monday. "I do not see a way out, now that the government does not want to talk to us about how we can get the Stint back on the road. It's over", director Edwin Renzen said to RTL Nieuws.
MC Slotervaart in Amsterdam and the MC IJsselmeer hospitals in Lelystad and surroundings were all declared bankrupt on Thursday. The hospitals filed for deferment of payment on Tuesday.
The closure of the hospital in Lelystad would be unacceptable and could lead to life-threatening situations, the province of Flevoland and municipalities in the province said in their response to financial problems facing MC IJsselmeer hospitals. The hospital group applied for deferment of payment on Teusday.
The main establishment of MC IJsselmeer hospitals is located in Lelystad.
The MC Slotervaart hospital in Amsterdam and the MC IJsselmeer hospitals in Lelystad and surroundings filed for deferment of payment. Health insurer Zilveren Kruis and most other health insurers stopped financing for the hospitals. "Bankruptcy may be inevitable", a spokesperson said, NU.nl reports.
The employees and patients of both hospitals will be informed of the current situation on Tuesday. Patient care is guaranteed. "This is a statutory task for health insurers. Patients currently treated in both hospitals can rely on adequate care", the spokesperson said to the newspaper.
Nearly three years after being declared bankrupt, retailer V&D is back, but only as an online store. The online store is focused on the "interests of active over 40 year olds, such as travel, hobbies, health, lifestyle, gardening and fashion", AD reports.
Dutch travel agency FlyOrange is filing for bankruptcy. All FlyOrange flights will be canceled in the coming weeks. This involves dozens of flights from Rotterdam The Hague Airport and Brussels to destinations in Morocco. Hundreds of travelers will be affected, RTL Nieuws reports.
FlyOrange director Roy Smit confirmed to RTL that the company is filing for bankruptcy on Friday. "We are debt-free, but we do not have any assets at this moment because of a payment arrears from our partner Aviatrade." Aviatrade carries out flights for FlyOrange.
FC Twente is threatening to file for bankruptcy if the Enschede city council does not stand guarantee for 7 million euros, newspaper Tubantia reported on Thursday. There is not much political willingness to stand guarantee for more money for the football club, sources told the newspaper.
Dutch retailer Leapp, which sells used and refurbished Apple devices, was declared bankrupt on Friday. The 24 Leapp stores will remain closed for the time being, as this will give the chain the best chance of a restart, according to bankruptcy administrator Kees van de Meent, NU.nl reports.
Dutch company Koinz Trading was declared bankrupt by the court of Amsterdam on Wednesday. The company, which offered customers access bitcoin mining machines and cryptocurrency investments, is facing dozens of customers demanding compensation for damages, the Telegraaf reports.
Customers never received access to the mining machines they invested in, and therefore also not the Bitcoins they could've mined, according to the newspaper. Lawyer Marco Kalmijn told the Telegraaf that around 60 customers are trying to recover "many millions" from Koinz Trading.
Kijkshop closed all of its stores on Monday and Swedish owner The One filed for bankruptcy on Tuesday. Some 400 people are now facing unemployment, NU.nl reports.
The chain suffered under the changing retail world, where customers increasingly opt to shop online. Last year Kijkshop already closed 20 of its total 87 stores because they were no longer profitable. Some stores were sold to Neckermann. At the time the group stated that it wanted to maintain its physical store locations in addition to its online activities.
The number of companies in the Netherlands being declared bankrupt continues to decrease. In August 39 fewer companies were declared bankrupt than in July, Statistics Netherlands reported on Monday. The number of bankruptcies in the Netherlands is now at its lowest level since 2001.
A total of 258 companies and institutions, excluding sole proprietorships, were declared bankrupt in August. The trade sector saw the most bankruptcies with 67, followed by financial institutions (35) and the construction industry (25).
Claim organization Massaclaim is intervening in the so-called fipronil crisis. The organization launched a website where affected poultry farmers can register for support in dealing with the problems resulting from millions of eggs being recalled from supermarkets because they contain too high quantities of toxic insecticide fipronil. Massaclaim's main goal is to prevent further bankruptcies in the sector, according to the organization, AD reports.