High street staple Blokker signs funding deal with US financier
High street staple Blokker signs funding deal with US financier
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High street staple Blokker signs funding deal with US financier
Household goods retailer Blokker is up for sale: FD
Belgian bankrupt outlet chain Mega World has not found a buyer after all: the bid of the only candidate, a German retailer, turned out not to be sufficient. "Bid was too low” On Friday, the candidate buyers had to formally submit their bid. In the end, there was only one bidder: an unnamed German retail chain that had already expressed its interest. "But it still had some preconditions and the price it offered was far too low," trustee Thierry Lammar told news agency Belga. According to him, the offer was far too low. Moreover, the Germans demanded the certainty that they would be able ...
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, ma...