Brussels-based outlet retailer Cameleon has been declared bankrupt, after more than thirty years in business. 46 employees will lose their jobs.
No surprise
The commercial court of Brussels has ended Cameleon’s protection against creditors and declared bankruptcy on 2 May, Belgian newspaper L’Echo reports. The news does not come as a big surprise: Cameleon had been in a judicial reorganisation procedure since February – and not for the first time.
Its parent company Rengo was struggling with heavy losses and cash problems, due to…
