Tuesday, April 21, 2015

Etam Group declared bankrupt – shops stay open for the time being – nrc.nl

 Etam in heavy weather

The Etam Group has today declared bankrupt. Photo ANP / Lex van Lieshout

Economy

The parent company of Miss Etam stores and Promiss has just been declared bankrupt by the court in The Hague. The Etam Group asked two weeks ago, deferred payment, but may also after that delay not pay the creditors. The shops stay open time being, reports news agency ANP.

The talks on a restart, simply continued in the meantime. Since the Etam Group announced that it is in financial need, the company’s administrators are looking for a party that wants to continue the business. Last week they put all that there is much interest in the company.



Al longer in trouble

According to the administrators have fourteen parties reported. In the meantime they have reached an agreement with banks and unions on keeping open the

shops. The directors expect that they still have a week or two before they can give about the future of the company.

The Etam Group already sat for a while in financial dire straits, because declining sales clarity. The company is suffering losses for several years and saw himself since 2013 to reorganize twice forced. In which redundancies – the last of which took place early this year – were a total of 240 people lost their jobs

About 2000 employees

The Etam Group has currently 200 stores by. country. The majority of them, 130, falls under the banner of Miss Etam. The company employs currently about 2,000 people. The Etam Group is owned by the family Korijn

Also at NRC. Q: These are the chains that went Etam

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