V & D on verge of bankruptcy and suspension of payments to ask.

Gepubliceerd op 23 december 2015 om 11:35

V & D receives deferred payment because of disappointing results. Sun Capital shareholder is no longer willing to stabbing money into the company. Trade union CNV is in shock, "This is disastrous for the staff."

ANP-VEND-GERED-WINKELSVD_0-1.jpgIt involves a deferred payment for the entire group, including La Place. All branches remain open; Only the shop is closed until further notice.

Last night sources said all RTL Z that 10,000 employees will be held today at 09:00 hours of the news informed. FNV director Niels Suijker this morning has sent an email to V & D to ask if the coverage of RTL Z was right, and "was soon back an email that the news is true unfortunately." The Amsterdam District Court has granted deferred payment; Kees van de Meent and Hanneke De Coninck-Smolders be appointed as administrators.

This quarter had the 'golden quarter' should be, but that is apparently not successful, says unionist Martijn den Heijer CNV. He is startled. "This is disastrous for the staff and a raw deal, just before Christmas," he told RTL Z. "I have my membership just sent a letter with the wish that 2016 be a better year than this year, but Christmas wish now seems obsolete. "

Sun Capital
V & D hit early this year into trouble due to large losses in 2014. The retail group in January reduced the wages of the staff and hire shops. After months of conflicts with landlords and unions V & D seemed finally to have a view of survival.

There was an agreement on rent reductions with the majority of the landlords, and were going down labor costs through the dismissal of 400 employees. Additionally crossed the American investment company Sun Capital, which bought V & D in 2010, tens of millions of euro extra in the store. Now there is no longer prepared to V & D has announced. The company suffered from 'a number of incidents and unforeseen circumstances', including the warm weather in November and December, making it difficult to sell autumn collections. That led to a omzetval and liquidity shortage.

Again loss
Nevertheless continued to go bad with V & D. The store group is heading this year again a loss of tens of millions, revealed leaked documents. Since its acquisition by Sun Capital recorded V & D every year loss. The chain includes 62 stores.

RTL Z / © Reuters

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