V & D reopen without a deal – Financieele Dagblad (Registration)

V & D reopen without a deal – Financieele Dagblad (Registration)

The department stores V & amp; D today open again without clarity about the chain of the future. The talks last night shortly before midnight terminated without an agreement is reached. Today, the parties are again negotiating

V &. D will reduce operating and structural demands of landlords, staff and other business relationships to make a contribution there. The landlords, banks and V & D owner Sun Capital this weekend worked out a plan where V & amp; D floor surrenders in exchange for rent discount

Rental Discount

This weekend has suggested that landlords give a total contingent rent discount of € 21 . mln That gets V & amp; D mid year paid if all rents are paid and no interim receivership or bankruptcy has been filed. Should that be the case, they would get the landlords priority as a creditor.

In addition, Sun Capital would again tens of millions in stores want to invest, which is probably for the banks ING, Rabobank and ABN Amro an important condition for V & D to continue funding

. Suppliers by V & D also not kept informed of the negotiations. “We are alert but not worried,” says financial director Ron Hemmer Hunkemöller. He hires at V & D space for Hunkemöller shops and says it will meet that rent. Has a bankruptcy Hunkemöller shops who lost, but Hemmer think there is therefore space market is where the benefit lingerie chain.

Interlocutory proceedings

FNV negotiator Niels Suijker talks on February 8, 2015 the press after the crash of the negotiations. The unions have achieved no result with V & D over pay cut.

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The unions were Sunday late in the negotiations and when it appeared that there was no room on the requested salary sacrifice to negotiations. Niels Suijker, director of trade union FNV trade, then also assumes that the lawsuit against the union V & D continues next Monday

The union director thinks Sun Capital may conclude an agreement with the landlords and banks, without the cooperation of the unions. He also does not rule out that Sun will eventually say not cooperate all parties involved in the rescue of V & amp; D and still pull the plug out of the store. “Then the unions have done it.”