
Canada's iconic department store chain Hudson's Bay is to close its doors in the Netherlands at the end of the year leading to 1,400 job losses, Dutch media said Saturday.
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Canada's iconic department store chain Hudson's Bay is to close its doors in the Netherlands at the end of the year leading to 1,400 job losses, Dutch media said Saturday.
After only one year of operation and additional stores in the planning, the department store chain will record a loss of more than €80 million at the end of 2018.
Initial plans to open 20 Hudson’s Bay department stores in the Netherlands have been narrowed to 15. The retailer announced that it is currently focusing on stores that are in development and denies financial problems.
Hudson’s Bay Company announced the first four locations of department store chain, Hudson’s Bay, to be opened in the Netherlands. The stores will be located in Amsterdam, Breda and Tilburg.
Dutch sports retailers is starting afresh with new owner, British retailer JD Sports. The continuity of a large number of shops, and thus employment, is ensured by the deal but the agreement still has to be approved.
Vroom & Dreesman, the largest Dutch department store chain, has been declared bankrupt, it said in a statement published on its website on Thursday.
Vroom & Dreesman, the largest department store chain in the Netherlands, has been granted protection from creditors after failed efforts to turn around the troubled business, the company said on Wednesday.
Private equity firm Sun European Partners said on Monday it has bought British value fashion chain Bonmarche from administrators KPMG, saving 2,300 jobs.The sum paid for Bonmarche, which trades from 394 stores, was...
V&D, a Dutch department store chain partly owned by private equity firm Kohlberg Kravis Roberts & Co, reached an agreement with its union on a disputed wage deal.
V&D, a Dutch department store chain partly owned by private equity firm Kohlberg Kravis Roberts & Co, has asked staff to delay a pay rise to save jobs in the recession.