The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
150 jobs Number of planned job losses
Announcement Date
28 November 2019
Employment effect (start)
Foreseen end date
Description
The ladies' fashion chain Witteveen was declared bankrupt on 28 November. The reason for this bankruptcy seems to be a conflict with the parent company of Witteveen. Earlier this year the parent company went bankrupt due to financial problems at another fashion chain (Miller & Monroe) under the same parent company. Witteveen seemed to be unaffected by this bankruptcy, however due to a conflict in opinions about certain financial claims this has changed. Due to this conflict Witteveen was unable to properly operate its shops and this led to large losses, which in the end led to the bankruptcy of Wittenveen itself.
Eurofound (2019), Witteveen, Bankruptcy in Netherlands, factsheet number 99243, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99243.
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