Online scammers are exploiting the bankruptcy of Dutch home goods retailer Fonq in a coordinated fraud campaign that also echoes earlier schemes that followed the collapses of Casa and Blokker, according to Dutch authorities and consumer fraud monitors, NLTimes.nl reported. The Fraud Helpdesk confirmed it has received initial reports about fraudulent advertisements circulating on TikTok and Instagram that lure bargain hunters with promises of up to 90 percent discounts. The ads direct users to a fake website posing as an official Fonq liquidation store, AD reports.
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.
Keurig Dr Pepper has named Rafael Oliveira chief executive officer of its coffee operating unit as it moves to acquire Dutch coffee and tea company JDE Peet's, Reuters reported. The all-cash $18 billion takeover of JDE Peet's by Keurig, announced in August last year, is aimed at helping the company compete with industry leader Nestle and tackle high commodity costs. The combined entity is expected to be split into two publicly traded U.S. companies — one for coffee operations and one for beverage businesses.
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.
A Dutch court on Wednesday ordered an investigation into mismanagement at chipmaker Nexperia BV and upheld an October decision to suspend former CEO Zhang Xuezheng, the founder of Nexperia's Chinese parent Wingtech, saying that the company needs stability, Reuters reported. The decision leaves control of the company in the hands of the European team that has overseen it since a Dutch state intervention led to a conflict over the firm that has disrupted automotive industry supply lines around the world.
Read more
Gravaa, the company behind an innovative on-board tire inflator, has declared bankruptcy, citing low sales during the current challenging market conditions for the bicycle industry, PinkBike reported. The Dutch company's product utilized a hub-based pump that can inflate or deflate the tires repeatedly via a tube connecting the pump to the valve.
Read more
Business bankruptcies in the Netherlands fell sharply in 2025, dropping 15 percent from a year earlier, but hospitality companies continued to fail at a faster pace than other sectors, according to new data released Monday by Statistics Netherlands (CBS), NLTimes.nl reported. A total of 3,636 businesses and institutions, including sole proprietorships, were declared bankrupt in 2025. That compares with 4,270 in 2024. The CBS data also show that accommodation and food services remained the most vulnerable sector, with the highest bankruptcy rate at the end of the year.
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.
Statistics Netherlands (CBS) reports that, adjusted for court days, 253 businesses (including sole proprietorships) were declared bankrupt in October, CBS.nl reported. That was 75 fewer than in the same month in 2024, a decrease of 23 percent. The number of bankruptcies fell by 8 percent in October, relative to September. The bankruptcy rate, the number of bankruptcies per 100 thousand businesses, was 6.8 in October 2025. In October 2024, 9.0 per 100 thousand businesses were declared bankrupt. Since the start of the series in 2015, the bankruptcy rate peaked at 24.8 in March 2015.
Read more