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Update Retailer Halfords known parts for bikes and cars, has been declared bankrupt today. Bankruptcy concerns 102 own retail stores in the Netherlands and headquartered in Veenendaal. This, the court informed the Central Netherlands. The company has 536 employees.
Halfords has filed for bankruptcy itself. The cause of the collapse was due to changing market conditions and a difficult economic climate.
In 2013 reached the then owner Macintosh Retail Group agreement on sale of the retail chain to management. The store was already since 2011 in the shop window, but sales took much longer than expected.
The company introduced several austerity measures and optimized the online sales channel. Despite these measures, bankruptcy could not be averted. According to the management of Halfords a restart of the possibilities would hear, RTL Z reported earlier in the day.
The listed retail group MacIntosh has billions in loans outstanding with the bankrupt Halfords Netherlands. The retail group sold the store at the time for 1 euro. After the acquisition, Macintosh Halfords continue to fund with a credit facility of EUR 9.5 million. The claim of Macintosh at Halfords is in the books of Macintosh valued at 6.4 million euros, let Macintosh know.
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