Following Blokker’s bankruptcy last month, its parent company, Mirage Retail Group (MRG), has also gone bankrupt. MRG is held liable for Blokker’s debts, including overdue store rent, but cannot cover the costs.
Blokker’s landlords have requested the curator to have MRG cover the rental debts. Additionally, there are outstanding COVID-19 debts of approximately 13 million euros for which MRG is responsible.
Revenues are insufficient to compensate all creditors, even after the recent sale of Intertoys, another Mirage subsidiary. Previously, MRG owned electronics chain BCC and Big Bazar, both of which also went bankrupt this year.
New curators will be appointed to manage the sale of other chains within the group, such as Miniso. According to MRG, the bankruptcy does not directly affect Blokker’s process.
Holding director Michiel Witteveen declined to comment from China, referring to current CEO Ynse Stapert, who also declined to comment.
Source: NOS