Dec 31 Vroom & Dreesman, the largest
Dutch department store chain, has been declared bankrupt, it
said in a statement published on its website on Thursday.
V&D, with 10,000 workers at 67 stores, has suffered in
recent years as the Dutch economy stagnated and on-line stores
won away customers. After weak sales in the Dutch holiday
season, which falls in early December, it filed for protection
from creditors on Dec. 22.
A statement on the company’s website said it hopes to remain
in business after a restructuring, and that it has been
contacted by “dozens” of potential investors.
“Together with the curators and our employees, we’re working
hard on the best restructuring possible,” it said.
…
Read the full article at: http://www.reuters.com/article/netherlands-retail-bankruptcy-idUSL8N14K1IH20151231