The Dutch government should prevent firms from loaning private equity companies money to use for business acquisitions, PvdA Member of Parliament Henk Nijboer said on Thursday. The Dutch labour party MP announced on Thursday he would submit the initiative to the parliament the following month.
V&D department store is hoping to lure ore customers with yoga courses and other events. The store announced on Thursday that it will organize events in 15 branches every week from April 29th, Z24 reports. The events will be linked to titles by publisher Sanoma, such as VIVA, Tina and Libelle.
The majority of V&D employees are willing to accept a pay cut if it can secure the future of the department store, according to CEO John van der Ent, RTL reports.
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.
The Unions CNV and FNV no longer want to negotiate with V&D about the salary cut that the company wants to implement on its staff, because V&D still intends to continue with the appeal against the recent ruling by the court that forbade the cut.
Unions FNV and CNV and the management of V&D had an hours long discussion regarding the eventual wage moderation for the store's employees, NU reports. According to the unions, the discussion was constructive.
V&D is not allowed to cut the salaries of employees who are members of the unions with 5.8 percent. That was the ruling of the court in the summary proceedings filed by the unions, NOS reports.
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.
Topshop will open the first "Topman" flagship store of continental Europe on Kalverstraat in Amsterdam on February 26th. The new Topman flagship store will open on Kalverstraat 48/52 in the premises of the old book store, de Slegte, a Topman spokesperson told NL Times.
The employees of V&D and La Place are willing to accept a 2 percent wage cut, the lawyer for FNV and CNV said in the summary proceedings before the Amsterdam court this morning, AD reports
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.
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.
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.
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.
V&D will face its third lawsuit in a short time. Unions FNV and CNV is going to court on behalf of V&D employees to challenge the forced pay cut of 5.8 percent as well as a number of other measures such as surrendering holiday days, the Volkskrant reports.
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.
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.
V&D is departing from the Kalvertoren shopping center, from where they sell stationary and greeting cards. The struggling department store, which invariably denies wanting to close branches, has canceled the lease, according to owner Kroonenberg.
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
As of February V&D personnel will receive 5.8 percent less salary. 50 of the 450 jobs will also be cut at the headquarters. According to the department store, these measures are necessary to be competitive.
Dutch clothing warehouse Vroom & Dreesman has been forced to pull a T-shirt from the racks, depicting a dog wearing a uniform from the German Wehrmacht, as people were complaining about the item on social media.
Amsterdam mayor, Eberhard van der Laan, sent in a proposal with some suggestions to the City Council, Wednesday, to entice more voters to make a trip to the ballot box. If approved voters will be able to bring out their vote in special locations such as the Rijksmuseum and the ArenA.