bankruptcy

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Aug 12 '15 08:54

Heerlen based solar cell manufacturer Solland Solar is having financial difficulties. Union FNV has applied for bankruptcy on behalf of the company's about 70 employees.

800px-Spyker_-_Flickr_-_Gaspa
Jul 31 '15 11:20

After clearing a debt of 45 million euros, Spyker NV and Spyker Automobiles are now officially no longer under suspension of payments. Spyker can now continue its activities debt free. One of these activities is preparation for a merger with American electric planes maker Volta Volare.

Bankruptcy
Jul 10 '15 12:09

The number of companies and institutions going bankrupt in the Netherlands, is continuing its downward trend, which started in the summer of 2013. There were 35 fewer bankruptcies in June than in May.

1280px-KinderdijkMolens02
Jul 9 '15 10:25

Kinderdijk is finally showing signs that it is recovering from its financial troubles. On Wednesday the windmill complex welcomed its 150,000th visitor of the season - the first time ever that so many tourists visited the complex so early in the season.

450px-Nieuwsteeg_12_te_Hoorn
Jul 3 '15 16:00

V&D has reached an agreement with the unions. The company will not cut its employees' wages, but to make this possible, a reorganisation will be necessary.

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Jun 11 '15 17:30

The Midden-Nederland court approved an agreement between Dutch supercar manufacturer Spyker and its creditors on Thursday, reports Omroep Flevoland. The financially-strapped car company is primed to exit administration, unless an appeal against the decision of the court is filed.

Spyker
May 14 '15 14:10

Creditors involved with the sports car manufacturer Spyker will only receive a full compensation for debts up to 12,000 euros. The embattled sports car manufacturer will only pay ten percent of debts over the amount in an effort to get out of receivership, reports RTL Nieuws

V&D, Hoorn
Mar 17 '15 15:38

Dutch retailer V&D is pushing for a discount of 24 million euros on rent for its 63 stores across the country. The company is trying to force through a deal with landlord, writes Het Parool, after difficult negotiations barely kept the retailer out of bankruptcy.

V&D, Hoorn
Feb 17 '15 17:50

Talks between the workers' union and V&D store management ended Tuesday without an agreement on a wage cut deal the managers say is crucial to the story remaining open and regaining its financial footing.

B9jNeEXIAAEZUeL
Feb 11 '15 13:00

V&D is celebrating its narrow escape from bankruptcy with its customers by handing out free pie, according to a full page ad in the Metro.

450px-Nieuwsteeg_12_te_Hoorn
Feb 9 '15 14:29

V&D will shrink each of its 63 branches in return for the landlords of V&D department stores handing in 25 million euro in rent. That is the result of the final meeting between V&D and the landlords of its stores. V&D owner Sun Capital still hast to approve this agreement.

450px-Nieuwsteeg_12_te_Hoorn
Feb 9 '15 08:42

The V&D crisis talks with the company's landlords continued last night. V&D wants the landlords to give them 6 months time to work on a new strategy, NOS reports based on the company's concept plans. The company also wants a rent discount of more than 50 percent for the next 6 months.

V&D, Hoorn
Feb 8 '15 14:34

Employee unions are rejoining discussions with management at Dutch retailer V&D. The department store is under significant financial pressure, and is trying to force employees to take a wage cut of six percent.

B1Cw8_ACYAAnvIw
Feb 5 '15 10:17

Supplier CB (formerly Centraal Boekhuis) has not been delivering books to the financially troubled V&D for almost two weeks. CB made this decision on January 23rd after its credit insurer, Coface, withdrew V&D's credit limit, NOS reports.

V&D, Hoorn
Feb 4 '15 09:42

The court in Amsterdam will rule on Friday in the lawsuit that IEF Capital filed against department store V&D. On Tuesday IEF demanded evacuation of four main V&D branches in Amsterdam, The Hague, Maastricht and Utrecht because V&D is not meeting its lease obligations. IEF also owns another 8 V&D buildings.

800px-Spyker_-_Flickr_-_Gaspa
Jan 29 '15 14:29

The court in Leeuwarden has reversed Spyker's bankruptcy during an appeal. Victor Muller managed to produce an amount of 4.3 million euro with which the most acute debts can be paid. The court therefore decided that administrator Henk Pasman was too hasty in applying for bankruptcy.

B8b17RNCEAITp7W
Jan 28 '15 14:02

It has been a bad week for shoe stores. A court in Amsterdam has declared the shoe chain House of Shoes bankrupt. On Tuesday, retail chain Schoenenreus sent a letter to its staff stating the company had requested a postponement of payments, a harbinger of a possible bankruptcy. Schonenreus stores were closed on Tuesday.

Jan 28 '15 08:35

The bankruptcy administrators of Halfords have recently agreed to reopen at least another 12 outlets of the chain. The buyers are existing franchisees and former employees. With this step, the restart of Halfords has been completed.

450px-Nieuwsteeg_12_te_Hoorn
Jan 27 '15 11:07

A large number of V&D employees plan to sue their own board because of the mandatory salary reduction of 5.8 percent. More than a hundred employees have already indicated that they will go to court once they've received the February payslips, including the salary sacrifice, Volkskrant reports

Jan 16 '15 17:47

The Netherlands saw a total of 6,645 businesses go bankrupt in 2014. This constituted a 21-percent drop from 2013 which saw a record 8,376 bankruptcies across the country, according to new data released by Statistics Netherlands (CBS) on Friday.

Jan 16 '15 14:04

Utrecht fashion chain Thom Broekman is bankrupt, marking the third blow to the Dutch fashion industry in only a week.

Halfords
Dec 24 '14 11:05

Retail chain Halfords is making a downsized restart. The company announced on Tuesday that approximately 20 percent of the former employees can start working again.

MexxPromenade
Dec 22 '14 10:17

Since the beginning of the economic crisis in 2008, about 22 thousand stores in the Netherlands have disappeared, mostly due to bankruptcy. According to calculations by market researcher Q&A, there are about 90 thousand stores left at the end of this year.

Dec 18 '14 16:47

Sports car manufacturer Spyker declared bankruptcy Thursday after years of financial turmoil following the firm’s failed attempt to revive Swedish automaker Saab. The Dutch firm filed for voluntary financial restructuring earlier in December.

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