The Body Shop Belgium declared bankrupt

The Body Shop‘s Belgian branch has been declared bankrupt. A German buyer is reportedly already in place to acquire the profitable remains. Done deal The bankruptcy was declared in the Netherlands, because the Belgian activities are part of the same entity as the Dutch shops. The receiver has not yet announced what the consequences are…

Building a core rule-based decision tree to explain the causes of insolvency in small and medium-sized enterprises more easily

Methodological process Figure 1 shows our research framework. First, we collected datasets on the technological feasibility assessment used in the actual lending progress to SMEs. In the preprocessing step, we extracted technological feasibility assessment information of the manufacturing industry. We divided the datasets into three types, a general type, a technology development type, and a…

Dutch glass manufacturing site declared bankrupt

Nippon Electric Glass’ (NEG) site in Westerbroek, The Netherlands was declared bankrupt yesterday (Tuesday). It means around 275 employees are at risk of losing their jobs as well as 50 temporary workers. District Curator Jeroen Reiziger said its Japanese owner had decided it could no longer afford to keep absorbing losses of up to €1…

Infarm eyes Middle East as Dutch arm ‘declared bankrupt’

The Dutch branch of vertical farming startup Infarm, best known for its global network of modular container farms, has been “declared bankrupt” according to official documents. Infarm says the bankruptcy is not impacting its current restructure in which the company is focusing on markets where profitability is likely attainable. Multiple industry sources say Infarm has…