Retail chains in the Netherlands have increasingly found ways to continue operating after declaring bankruptcy, often in a slimmed-down form, De Telegraaf reports. These companies frequently leave suppliers, landlords, and employees with little to no compensation. While some question the fairness of this process, courts often view it as the “least bad outcome” when a company faces insolvency.
On Tuesday, fashion retailer Vanilia filed for bankruptcy but may continue its operations due to “interest from multiple serious buyers,” according to the bankruptcy trustees. While negotiations are underway, the company’s stores remain open. However, this does not necessarily mean rent payments are being made. The staff has not been let go, but if…
