Press release 17 August 2023, 07:00 PM CEST Wereldhave has requested for the bankruptcy of retail chain Big Bazar with the district court Noord-Nederland. The.
Three additional parties are considering filing bankruptcy claims against the bargain chain Big Bazar. This was reported on Thursday by Joost Konings, the director of the collection company Invorderingsbedrijf Amsterdam, which is managing these applications. An application was previously filed on behalf of a landlord of a store in Goes. With these debt claims, the parties aim to ensure Big Bazar meets its payment responsibilities.
Big Bazar is set to close 20 loss-making stores and is seeking rent reductions for 20 other stores. According to CEO Heerke Kooistra, these measures are necessary “to keep healthy” the bargain chain which has 120 branches and employs 1,400 staff members. If property owners decline to renegotiate lease agreements, Kooistra suggested that Big Bazar may withhold rent to open discussions.