Executive Director Frits Kemp left earlier in the day know that the 130 Dutch branches of the chain for the time being not open anymore. This was expanded last few days negotiated with the bank. It is the administrators failed to reach an agreement on sharing the costs.
That MS Mode, one of the companies of the famous store entrepreneur Roland Kahn, bankruptcy should have to apply for a technical according to the administrators background. The salaries were to be paid and there was no more money. Now benefits agency UWV takes over.
Whether there is a restart in MS mode is however highly uncertain, it is now clear that the shops have closed. The webshop of MS Mode is no longer accessible. The shutdown of a bankrupt company makes to potential buyers usually less attractive to go further with that company.
Winter
The seller of clothes struggled lately like many other stores with difficult market conditions. Major culprit, however, was last winter, which was very soft. This allows MS Mode is a part of the winter collection to sell at lower prices.
MS Mode did not catch able for that setback, though was still put a profit on the books last year. The company has therefore recently asked whether suspension of payments.
MS Mode 660 people work in the Netherlands. Internationally, the company employs approximately 2,300 employees and nearly four hundred stores in the Netherlands, Belgium, Luxembourg, Germany, France and Spain
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