That the trustees confirm talks with NU.nl. The staff is requested dismissal. There are 660 employees working at MS Mode in the Netherlands. The group has a total of 130 Dutch branches.
Curator Frits Kemp explains that the debt increased at the chain because MS Mode or charges had to make to keep the stores, but that Rabobank cashed the turnover on the basis of an agreement that was the suspension made.
Daily turn the chain now an average yield of 240,000 euros, but these must in any case be paid 40,000 euros VAT. Furthermore, made all kinds of costs to sustain sales which MS Mode presented with the bill, but for which the chain back sees no compensation, says Kemp.
In 60 Seconds: How does a bankruptcy
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debt
This allows the company’s debts increase. An untenable situation, according to the curator. “We can not allow that something is sold without being paid.”
Kemp stressed already negotiating a week with the bank, but to shoot at anything. “Rabobank offers a pittance of what is normal. Something which is totally unacceptable.”
Kemp says strongly consider this Thursday to close stores if not concluded an agreement quickly. But the chances of a restart are deteriorating as closing the doors of the shops. “That is the dilemma we face.”
Bidding Process
Before moratorium was sought had already started a bidding process. Kemp says that when a dozen were interested. “This interest was not such that it immediately wanted to do business.”
The fashion company received on Friday, August 5th deferral of the Amsterdam District Court. This involved the holding company and operating company in the Netherlands.
The collection of the chain is made in the Netherlands and is headquartered in Diemen. The company also has offices and shops in Belgium, Luxembourg, Germany, France and Spain.
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