Dutch musical instrument retailer Bax Music has been declared bankrupt.
According to De Telegraaf, Bax Music was officially declared bankrupt today by The Netherlands’ Zeeland-West-Brabant court. The ruling reportedly comes after years of financial strain, with the company owing money to multiple investors and creditors, including the Dutch Tax Authority.
The company also suffered financially throughout the COVID-19 pandemic, as well as a fire in 2023 that damaged numerous pieces of expensive gear.
Reportedly, the company originally approached the court hoping to suspend repayments on its debt. This request was denied, and likely spurred on the official bankruptcy ruling.
Bax Music is one of Europe’s largest online music retailers, with…
