Furniture store chain Leen Bakker puts all 44 stores for sale in Belgium. The Belgian court temporarily protects the stores against creditors, so that the company can quietly look for a new owner.
Leen Bakker uses a special procedure for financially taxed companies, so that the court temporarily protects the stores.
Real estate investor Retail Estates, which rents eleven buildings to Leen Bakker, says that the intention is to sell as many viable parts of the company as possible and thus keep jobs. In Belgium, more than 300 people work at Leen Bakker, reports the Belgian business newspaper De Tijd .
The originally Dutch company is struggling in Belgium with rising losses and a falling turnover. Leen Bakker has already closed various Belgian branches in recent years.
There is currently no similar procedure in the Netherlands to get protection against creditors.
Furniture Store Chain Leen Bakker is Putting All 44 Stores in Belgium Up for Sale. The Belgian Court is Temporarily Protecting the Stores from Creditors, So the Company Can Quietly Look for a New Owner.
Leen Bakker is using a special procedure for financial burden companies, allowing the court to temporarily protect the stores.
Real Estate Investor Retail Estates, which Leases Eleven Properties to Leen Bakker, Says The Intention is to Sell as many Viable Parts of the Company As Possible and Thus Preserve Jobs. More Than 300 People Work at Leen Bakker in Belgium, Reports The Belgian Business Newspaper De Tijd .
The Originally Dutch Company is Struggling with Increasing Losses and Declining Sales in Belgium. In recent years, Leen Bakker Has Already Closed Several Belgian Branches.
There is Currently No Similar Procedure in The Netherlands to Obtain Protection from Creditors.