Interior chain Rivièra Maison is bankrupt. Founder and director Henk Teunissen announced this to the Vak website Wonen360 . The chain has various stores and a webshop in the Netherlands. The company is also active in Germany and Poland, among others.
There is little to be found on the website of the store chain about the situation that has arisen. There is, however, a report that paying in the webshop is not possible due to a malfunction. Teunissen tells Wonen360 that he will come up with a response later.
Rivièra Maison started in 1985 as a flower shop and grew into an international chain with hundreds of branches that specialized in home articles.
The most recent figures deposited with the Chamber of Commerce (Chamber of Commerce) already showed that the chain was not easy. For example, in 2023 there was a sharp fall in sales, so that the profit also declined.
The result of the entire group was therefore negative. The board knows this to “macro-economic conditions”.
Unclear what happens to stores
Rivièra Maison also expected to run a loss in 2024, but after that it would go better because of transition plans that the board had. Yet that did not lead to the desired turnaround.
What is happening with the stores is not yet known. Other chains that went bankrupt in the past sometimes kept their stores open to make a restart possible. Whether Rivièra Maison does that too and whether there will be a restart is unclear.
Interior Chain Rivièra Maison is bankrupt. This was announced by founder and director Henk Teunissen to the Trade Website Wonen360 . The Chain Has Several Stores and a Webshop in The Netherlands. The Company is also active in Germany and Poland, Among Other Countries.
There is Little to Be Found on the Website of the Retail Chain About the Situation That Has Arisen. However, there is a notification that paying in the webshop is not Possible due to a malfunction. Teunissen Tells Wonen360 That He Will Respond later.
Rivièra Maison started in 1985 as a flower shop and grew into an international chain with hundreds of branches, specializing in Home Furnishings.
The most recent figures filed with the chamber of commerce (KVK) already showed that the chain was not having an easy time. For example, there was a Sharp Drop in sales in 2023, which also caused profits to decline.
The Result of the Entire Group was Therefore Negative. The Board Attributes this to “MacroConomic Circumstances.”
Uncleear What Will Happen to Stores
Rivièra Maison also Expected to Incur A Loss in 2024, But Things would Improve Afterwards Due to Transition Plans the Board. Yet that has not led to the desired turnaround.
What will happen to the stores now is not Yet Known. Other Chains That Went Bankrupt In The Past Sometimes Kept Their Stores Open to Make a Restart Possible. Whether Rivièra Maison Will Do That Too And Whether There Will Be A Restart is Unclear.