It seems to be the week of truth for department store V & ; D with summary proceedings of landlords and employees ahead
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Is Sun Capital V & amp;! D went this weekend under threat of the banking trio ABN AMRO, Rabobank and ING, the knees and pledged an additional payment of € 40 million in the coffers of V &. D under the condition that the banks come over the bridge
Whether it enough is to be seen this week, partly as a landlord IEF Capital V & amp; D in four major cities in summary proceedings requires the department to pay the rent this month or clears things
Early last week was out. a letter of V & D CEO Don Roach to all owners of the shops where V & amp; D dwells all clear to what dire situation as the group. To accommodate acute money problems will Sun Capital four months pay rent and then a structural rent discount of 7 percent.
The group has its own staff put the knife to the throat by imposing a pay cut on a 1 February of 5.8%. The unions oppose
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