Wednesday, July 20, 2016

“Many creditors V & D see money no return ‘- NU.nl

The settlement of the bankruptcy of the department store is still in progress, but already it is clear that there is not enough money in the estate to compensate for all the duped suppliers, landlords and other parties with claims.

the debt mountain of V & D and La Place together is now more than 200 million, is evident from the second bankruptcy report published Wednesday. Several creditors have their claims while still not tabled

In the case of V &. D, the trustees still thick 54 million to distribute. That money, however, primarily intended for major creditors as the UWV, the Tax and former owner Sun Capital. Then there is probably nothing left. The estate of La Place is currently 71 million. For the creditors of the bankrupt restaurant chain, the situation is thus somewhat rosier

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That there is so much money divide falls incidentally is mainly due to the efforts of the trustees. Which reopened the stores in March and April for a short time for a leegverkoop of remaining store inventory.

Along with the sale of the inventory of all properties, it produced around 10 million euros. Keeping open the shops and restaurants beginning of this year, while negotiations on a possible restart were still ongoing, spent roughly 57 million euros in the drawer.



Roland Kahn

sold Early June the trustees also all trademark rights formerly of V & D were. Requires three shop operators, including CoolCat boss Roland Kahn, paid half a million euros. Possible deal which delivers even more money. The buyers have agreed to future still will cede a portion of the profits of their planned online store

No research has been done into the causes of the downfall of V &. D. The trustees want there to begin after the summer

By:. ANP

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