Friday, September 2, 2016

Highest bid for fashion house McGregor was ‘low millions’ – NU.nl

As a result, the old shareholders were ultimately the only serious option to avoid liquidation. That says curator Marc van Zanten in a note on the first bankruptcy report published Friday.

The report mentions an unnamed party that wanted to take over all of McGregor activities for an amount of about 6 million euros. The trustees have spoken about a week with the bidders, but more was not free.

The bid of the pledgee, the old owners NIBC Bank, Marcel Boekhoorn, Jeroen Schothorst and Ben Kolff, had a value of about 26 million, though it was for the most part not to make payments but the ending of outstanding receivables. Eventually had to be made about 1.8 million, of which one million for longer keeping open the stores.



Jobs

On the final restart to stay at least 377 of the 500 jobs in Netherlands retained. The previous offer was also about maintaining a “substantial” number of jobs, but has not yet spoken Van Zanten on the details.

The total indebtedness of McGregor suppliers amounted to 53 million euros. Whether and to what extent creditors as something of look back, according to Van Zanten unclear. “It is too early to say anything about it. It depends on developments in the coming period.”

Based on can count the current balance of the estate account would be only the first creditors in line, such as benefits agency UWV and the tax thereon.

McGregor finally made a new start under the name Doniger Fashion Group. The company focuses on selling online and through so-called shop-in-shops at other stores. However, a number of ‘flagship stores’ open. The bulk of the remaining stores will be divested

By:. ANP

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