Mega World declared bankrupt : vimarsana.com

Belgian outlet chain
Mega World is bankrupt: after the Court of Appeal decided on Monday morning that the retailer would not be protected against creditors, there was no other way out. 650 jobs will be lost.
 
Over-indebted
The shadowy story of outlet chain Mega World has come to an end, a story that began in February when Dutch entrepreneur Dirk Bron took over the Belgian
Blokker stores from
Mirage Retail Group. The Commercial Court declared the chain bankrupt at the request of the provisional administrators. The company could no longer be saved because it was over-indebted. Moreover, management failed to present a credible rescue plan.