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Court declares Big Bazar bankrupt as workers go unpaid; 1,300 lose their jobs

The District Court in Amsterdam formally declared Big Bazar bankrupt on Tuesday. The discount retailer was struggling with financial problems for an extended period of time, but an increasing number of groups filed complaints about unpaid bills. On Monday, Big Bazar made one last-ditch effort at a rescue attempt during a court hearing in Leeuwarden, but their efforts failed. It also emerged that the company has not paid its staff any wages during the month of September, with all 1,300 expected to lose their jobs. ....

Noord Brabant , Noord Holland , Erik Maas , Heerke Kooistra , Joost Konings , District Court , Mirage Retail Group , Big Bazar , Mirage Retail ,

Deal chain Big Bazar went bankrupt, with 1,300 jobs gone

Deal chain Big Bazar went bankrupt, with 1,300 jobs gone
houstonianonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from houstonianonline.com Daily Mail and Mail on Sunday newspapers.

Michel Witteveen , Oscar Van Oorschot , Heerke Kooistra , Michiel Witteveen , Jost Konings , Blokker Holding , Mirage Retail Group , Big Bazaar , Big Bazar , Mirage Retail ,

Topman Big Bazar says he can simply pay the bills: "I should have done this differently"

Topman Big Bazar says he can simply pay the bills: "I should have done this differently"
houstonianonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from houstonianonline.com Daily Mail and Mail on Sunday newspapers.

Heerke Kooistra , Big Bazar ,

Three more companies considering bankruptcy claims against bargain chain Big Bazar

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. ....

Noord Holland , Heerke Kooistra , Joost Konings , Invorderingsbedrijf Amsterdam , Big Bazar ,

Big Bazar closes 20 loss-making stores and seeks rent reduction

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. ....

Heerke Kooistra , Big Bazar ,