The Belgian fashion chain Paprika was declared bankrupt on Wednesday. As a result, 30 stores will close and 151 employees will lose their jobs. The retailer had previously closed all of its locations in the Netherlands and Germany.
No buyer found
Paprika had been undergoing judicial reorganization proceedings since March 5. By the time the deadline expired on June 26, no buyer had come forward. The commercial court therefore declared the bankruptcy of CPBE, the parent company of the retail chain in Belgium. 122 store…