23-12-14 14:05
Fashion chain Mexx. © anp
After the collapse of the Dutch parent company Mexx early December, also has German daughter of the fashion chain sought bankruptcy. That the trustee announced today.
Also because of declining sales, the slump in the European retail market and increasing competition are becoming more stores in the tribulation. In addition, press the Internet as a distribution channel many physical stores away.
Mexx has 35 stores in Germany and around 500 people. Worldwide, there are
Decline
Mexx has been struggling for years with a decline. In better times, the group achieved an annual turnover of over one billion euros. After the departure of founder Rattan Chadha in 2006, but it went downhill with the group. The turnover has halved in recent years and not without consequences: last year had already shut the flagship store on the Kalverstraat
(Edited by: Editorial).
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