| View more details on this retailer : Mexx |
| | | | 05/12/2014 | Fashion United, Simone Preuss - Mexx declared bankrupt | | | | | Mexx declared bankrupt by court of Amsterdam | | | | | Fashion United reports that the court of Amsterdam declared Mexx bankrupt on Thursday. Its shops, however, will remain open for the time being.
Court-appointed trustee Frits Kemp blamed the poor economic conditions that have plagued the fashion industry for the company's dilemma. According to him, keeping the stores open as long as possible will help to sell remaining stock and might attract buyers more easily.
The bankruptcy of Mexx touches all major business units: Mexx Europe International; Mexx Holding Netherlands; Mexx Europe and Mexx Euro Production. Mexx has stores in 50 countries. Of the 315 European stores, most are operated as franchisees. The company has about 1,500 employees. |
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