Edward Koemans: “Business model was not future-proof”
On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee.
In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to the COVID years. “Just before COVID, we had invested — in anticipation of Brexit — in a logistics company with its own warehouse. When COVID hit, it became clear that many of our customers were linked to the hospitality industry, resulting in a drop in sales of 50 per cent or more in some months, which forced us to reorganize.”
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