Parent company Perry Sport and Action Sports bankrupt – Financieele Dagblad

Perry Outfitters Sports and Action Sports and their parent company Unlimited Sports Group (USG) have been declared bankrupt. This was announced Tuesday appointed curator Toni van Hees. Monday USG asked whether suspension of payments. According to trade union FNV are the jobs of 2,300 people at stake. The stores are expected to remain open even half months.

According to curator Van Hees there was little to do but ask a bankruptcy. “The money was to pay the wages.” He says now enter into consultation with market players on the acquisition of several branches. “There are a lot of good stores between.

(Photo: HH)

Q & amp; D

the problems of USG follow include the demise of department store V & D. Perry Sport had eleven branches in the subsidiaries of V & D and sees the recent closure of the department store lost these stores. Action Sports had 128 stores at the sites of Scapino. That chain of shoe stores disappeared last year by the bankruptcy of Macintosh Retail Group.

The disappearance of these stores USG ran into problems but apart from that Perrysport struggled with weak results. The company in 2014 recorded a loss of € 1.5 million on a turnover of some € 80 million a year earlier wrote the chain only a meager profit of 8 tons

Dat stores now remain open as is logical, says director Martijn den Heijer CNV Professionals. “After a bankruptcy applies to employees with a notice period of six weeks and they get paid the wages by the UWV. Then it ended

USG

Unlimited Sports Group

consists of two parts, the retail branch is the most important. These include stores like Perry Sport, Action Sports, the Belgian Primo and TimeOut. The company is a distributor of various brands such as Helly Hanson clothing and footwear brand Fila. This part accounts for a quarter of sales.

At the company have been playing longer problems. USG in 2014 a turnover of € 250 million that year and suffered a loss of € 659,000. The accounts show that the group in 2014 already could not meet its bank covenants. In January 2016 the company was still in talks with the syndicate of banks on a refinancing.

Weaknesses

USG decided to work together in 2012 with the now bankrupt Macintosh, and according to retail consultant Ton Bos was at that time already a sign of weakness. “Both of them were then hard.” He hopes that the receiver is now good look at the European market to look for interested parties. “A lot of knowledge of the market lies with the major real estate players. Often the top of the real world well informed of any interest in the market. ‘Bos expects that there are about ten major parties in Europe who want to grow.

The question is how a new strategic partner will want to proceed. According to Bos, it is possible that but will remain about the half of the 58-Perry Sport cases. It then goes to the shops with many square meters of floor space and which are better locations. “There must be an interest in.”

For Action Sports will be difficult, according to Bos. The stores are smaller and are less favorable locations.