Dec 31 Vroom & Dreesman, the largest
Dutch department store chain, has been declared bankrupt, it
said in a statement published on its website on Thursday.
V&D, with 10,000 workers at 67 stores, has suffered in
recent years as the Dutch economy stagnated and on-line stores
won away customers. After weak sales in the Dutch holiday
season, which falls in early December, it filed for protection
from creditors on Dec. 22.
A statement on the company’s website said it hopes to remain
in business after a restructuring, and that it has been
contacted by “dozens” of potential investors.
“Together with the curators and our employees, we’re working
hard on the best restructuring possible,” it said.
Read the full article at: http://www.reuters.com/article/netherlands-retail-bankruptcy-idUSL8N14K1IH20151231