Bon Bon Entertainment, a Dutch promoter that has organised tours and shows for the likes of Burna Boy, Wizkid and J.Cole, has declared bankruptcy, IQ Magazine reported. “We can’t ignore the fact that the past two years have been difficult. Cancellations, financial setbacks, and an increasingly difficult market have deeply affected us,” the firm said in a statement. Last summer, Bon Bon was due to deliver Burna Boy’s first stadium show in the Netherlands at Johan Cruijff ArenA on 9 June, but it was pulled less than a month out.
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Fast food chain Taco Bell may still get a new lease on life in the Netherlands. Curator Maarten Jansen is currently in talks with several potential buyers interested in taking over the bankrupt franchise operator of burritos, tacos, and quesadillas. “I hope to conclude these discussions by the end of next week,” Jansen told ANP on Friday. The ten Dutch Taco Bell locations, including in cities like Eindhoven, Rotterdam, and Utrecht, were operated by franchisee T Bello Netherlands. Two years ago, the company reported being profitable and announced plans to expand within the country.
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The solar energy firm De Groene Energie Corridor (DGEC) is reportedly facing financial ruin and escalating legal pressure after a Dutch court ordered the removal of more than 78,000 solar panels near Schiphol Airport, citing a serious risk to flight safety caused by glare. DGEC has warned that full dismantling of the park, which includes nearly 230,000 panels, would force the company into bankruptcy, while Schiphol continues to push for complete removal and has asked the government to intervene, De Telegraaf reports.
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The bankruptcy of Groupcard, a company that provided prepaid cards such as city passes for municipalities, has affected roughly a third of all municipalities in the Netherlands, according to an estimate by the Association of Dutch Municipalities (VNG), NLTimes.nl reported. The bankruptcy, first reported by AD on Friday, was officially declared last month by the court in Amsterdam. Many municipalities had contracts with the company, and the financial damage appears to run into the millions.
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The Dutch arm of Taco Bell has been declared bankrupt, marking the fast food chain's second collapse in the Netherlands in less than a decade, RTL reports. Ten restaurants across the country, including in Amsterdam, Rotterdam, and The Hague, have been forced to close. However, the company said it remains committed to keeping the restaurants open. On Wednesday, the Rotterdam district court officially declared T Bello Nederland bankrupt. The company operated all Dutch Taco Bell locations under a franchise agreement with a British operator.
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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.