Blokker will open 40 stores in the Netherlands to rebuild the retail store chain that was declared bankrupt last year, the NL Times reported. The first 12 new stores opened on Wednesday. The rest will open in the coming weeks, the store chain reported. Blokker was declared bankrupt in November of last year. The chain, which was founded in 1896, was dealing with continuous losses and issues regarding the payments of debts before the bankruptcy. Around 45 of the company’s 400 stores remained open during the bankruptcy.
Read more
An ad hoc group (AHG) of noteholders has successfully converted Dutch scheme of arrangement arbitration (WHOA) proceedings launched by Brazilian cement maker InterCement’s finance-raising arm in Amsterdam into bankruptcy proceedings, two weeks after the group secured chapter 15 recognition of its Brazilian recuperação judicial (RJ) plan, Latin Lawyer reported. Read more.
Bankruptcies in Netherlands Drop to Lowest Point in over 18 Months, Hospitality Sector Sees Increase
In March 2025, the Netherlands saw a significant decline in the number of business bankruptcies, according to figures released by Statistics Netherlands (CBS), NL Times reported. A total of 271 companies were declared bankrupt, marking the lowest number in over a year and a half. This represents a 20 percent decrease compared to March 2024 and a 25 percent drop from February 2025. However, bankruptcies in the hospitality sector are on the rise. The bankruptcy rate in March 2025 stood at 7.4 bankruptcies per 100,000 businesses, a decrease from the 9.5 rate recorded in March 2024.
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
Three creditors of Mirage Retail Group, the bankrupt parent of bankrupt household chain Blokker, have claimed the stores of retail chain Minso Nederland, according to bankruptcy administrator Job van Hooff, NL Times reported. Miniso is the only part of the group that is not yet bankrupt, and may be able to generate money for the creditors. Miniso is a Chinese retail formula that has grown to over 7,000 branches worldwide since its foundation in 2023. The retail formula was introduced in the Netherlands five years ago under Mirage Retail Group as the franchisee.
Read more
The number of bankruptcies in the Netherlands stayed at the same level in January as it was in the previous month when corrected for court hearing days, NLTimes.com reported. Statistics Netherlands reported that the number of bankruptcies was below the same time as last year. There was a significant increase in the number of bankruptcies in 2024. Statistics Netherlands reported last month that almost 4,300 companies were declared bankrupt. That is an increase of 30 percent compared to 2023. Monthly figures can fluctuate.
Read more
The Dutch government is seeking to prevent the rollout of "buy now, pay later" services in physical retail outlets due to the financial risks they pose for consumers, according to a letter sent by Finance Minister Eelco Heinen to parliament on Tuesday, Reuters reported. "Buy now, pay later" (BNPL) schemes surged in popularity for online purchases since the COVID-19 pandemic and allows consumers to split payments over time into smaller, interest-free installments. These loans are often provided by digital lenders such as Sweden's Klarna.
Read more
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.