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.
Mossack Fonseca, the Panamanian company that stood central in in the Panama Papers scandal, did not know who its customers were in many cases. A new leak from the company contains 180 new Dutch names, NOS reports.
It's been over six months since retail chain V&D was declared bankrupt and the vast majority of its stores are still empty. Only 26 of the 63 V&D properties found a new permanent tenant or have a good prospect of finding one soon, AD reports based on its own research.
The V&D brand name is getting another chance. The bankruptcy administrators reached an agreement with three entrepreneurs about taking over the brand rights. They plan to open a V&D online store
Canadian department store company Hudson's Bay plans to become a major player in the Netherlands - the company plans to open some 20 department stores in the Dutch market in the coming years, NOS reports based on sources.
At least six V&D stores are permanently closing their doors on Friday. These are stores that sold most of their stocks in the liquidation sale, a spokesperson for the bankrupt department store chain said
The Canadian owner of luxury department store Saks Fifth Avenue is negotiating opening a branch on the Rokin in Amsterdam. This means that the plans for a private luxury department store in the building, The Haussmann, are definitely off the table, Haussmann director Louis Bianchi said to Het Parool.
Frustration among a throng of shoppers turned into a fight at the final liquidation sale of a V&D department store location in Rijswijk, Zuid-Holland. The store, which had a massive number of people trying to get inside during the day, was forced to shut its doors early when police arrived on the scene.
The first 25 V&D stores are open for their final close-out sales on Wednesday. This includes stores in, among others, Oss, Deventer, Goes, Haarlem and Sittard
A number of V&D stores may reopen temporarily for a closeout sale to get rid of the remaining store inventory. The administrators working on the chain's bankruptcy are discussing the option with a number of property owners, a spokesperson confirmed
Empty buildings of bankrupt retailer V&D and other empty stores may be used to house asylum seekers should the need arise. The central agency for the reception of asylum seekers COA is seriously considering the possibility
"Disappointment in thousands of capital letters", is how union CNV refers to bankrupt retail chain V&D's collapse after nearly 130 years of business. The 62 V&D stores were closed from Monday. The plan to rescue the in-trouble retailer fell apart on Tuesday. And from Wednesday about 8 thousand employees are out on the street.
A plan to rescue Dutch department store V&D came to a sudden end on Tuesday when potential buyer Coolinvestments pulled out of talks with the retail outlet's bankruptcy curators. Coolinvestments, a local firm owned by clothing industry magnate Roland Kahn, said it was simply not possible to get all parties involved onboard with their vision of a relaunch.
Stores of bankrupt retailer V&D will be closed for at least Monday and Tuesday, during which time the stores' stock will be inventoried. Whether or not they will reopen after Tuesday, depends on negotiations about a takeover or restart, the bankruptcy administrators announced on Monday
Dutch supermarket firm Jumbo will take over the reigns of La Place restaurants in a deal approved by the administrators overseeing the restaurant parent, V&D’s bankruptcy. Jumbo will initially take over 60 restaurants, the company’s assets and its headquarters, the administrators announced on Tuesday.
Current V&D owner Sun Capital will not be allowed to bid on the bankrupt retail chain and La Place. The bankruptcy administrators invited more than 10 interested parties to make an official bid and the private equity firm is not among them
The works council of bankrupt retail chain V&D submitted a request to the bankruptcy administrators that private equity firm Sun Capital not be involved in the future of the chain. The council blames Sun Capital's withdrawal from the chain for its bankruptcy
Now that retail group V&D is declared bankrupt, bankruptcy administrators Kees van de Meent and Hanneke de Coninck are working hard on a possible restart. V&D CEO John van der Ent has hopes that this will succeed. "This bankruptcy does not mean the end of V&D and La Place", he wrote in a letter to his employees on Thursday.
The court in Amsterdam officially declared struggling retail group V&D bankrupt on Wednesday. The V&D stores and La Place restaurants will remain open for the time being, but the 10,300 employees working for the group are almost certainly out of work
Eindhoven councilor Ferry van den Broek launched a special exchange program for V&D vouchers, which are no longer usable given the company's financial troubles. Anyone in possession of a now useless V&D voucher can exchange it for a coupon of the same value from Van den Broek's own company MysteryDining
The week before Christmas was tough on the retail sector in the Netherlands. On Tuesday both Macintosh, owner Scapino, Dolcis and Manfield, and V&D filed for suspension of payment. On Wednesday the drugstores DA Retail Group was added to the list. All in all some 16 thousand jobs are at risk, given that suspension of payment is nearly always followed by bankruptcy.
Financially troubled retailer V&D is back on the road to bankruptcy. The company filed for suspension of payments on Tuesday and the court in Amsterdam granted it on Wednesday morning
Sun Capital is investing 47 million euros into V&D, thereby buying out the consortium of banks. The investment company is also extending the financing from 2 to 4 years to give V&D more time and space to recover.