×
210
Fashion Jobs
H&M
Business Expert to External And New Sales Channels
Permanent · Stockholm
H&M
Data Analyst - Performance Marketing to h&m Business Tech - Customer Domain
Permanent · Stockholm
H&M
Business Analyst With Logistics Knowledge
Permanent · Stockholm
H&M
Physical Compliance Specialist – Group Compliance, h&m Group
Permanent · Stockholm
H&M
Regional Transport Manager - Logistics Region North Europe
Permanent · Stockholm
H&M
Data Analyst - Digital Core Team Within Business Tech
Permanent · Stockholm
H&M
Data Specialist to Product Specification, Business Tech h&m Group
Permanent · Stockholm
H&M
Product Owner in Api & Event Integration Area, h&m Group
Permanent · Stockholm
H&M
HR Business Partner to h&m Group Supply Chain
Permanent · Stockholm
H&M
Business Expert Competence Lead in Allocation Precision Within Business Tech
Permanent · Stockholm
H&M
Business Intelligence Analyst
Permanent · Stockholm
H&M
Regional Data Privacy Manager - Region North
Permanent · Stockholm
H&M
Security Software Engineer With Warehouse Security Background
Permanent · Stockholm
H&M
Accounting Business Expert
Permanent · Stockholm
H&M
Strategic Buyer For Customer Packaging
Permanent · Stockholm
H&M
Solution Architect in Partner Connectivity Team Within Business Tech
Permanent · Stockholm
H&M
Business Analysts With Business Intelligence Competence to Group Expansion, h&m
Permanent · Stockholm
H&M
Product Owner to Fulfilment Center Operations
Permanent · Stockholm
H&M
Product Owner – Global Customer Analytics
Permanent · Stockholm
H&M
Technical Product Owner to Customer Engagement
Permanent · Stockholm
H&M
Product Owner to Finance, h&m Group
Permanent · Stockholm
H&M
Product Area Analyst - Customer Engagement (Customer Domain @Business Tech)
Permanent · Stockholm
Published
Oct 18, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Du Soutien Beheer cancels relaunch of McGregor, Gaastra and Adam

Published
Oct 18, 2017

Dutch fashion chains McGregor, Gaastra and Adam, which recently announced plans for a relaunch after their second bankruptcy, have now cancelled these plans, reports Dutch newspaper Het Financieele Dagblad.


McGregor store - Photo: McGregor


Investment fund Du Soutien Beheer, which had been tasked with the relaunch, abandoned the project after discovering that the fashion chain’s problems were worse than anticipated. The fund, which took over the bankrupt fashion chains on September 25, discovered that the administration was not in order and that many suppliers do not want to continue deliveries to the company, according to the newspaper.

As a result of the cancelled relaunch, more than 400 jobs are in jeopardy, including 325 jobs in the Netherlands. “We will ask a third of the staff to stay for as long as possible,” Du Soutien Beheer chief Rens Van de Schoor told the Het Financieele Dagblad. “But for example, the people who design the new collection are no longer needed,” he continued.

McGregor and Gaastra stores will remain open until the fall/winter collection is sold out. Adam brand stores, which depend on McGregor and Gaastra for more than half of its sales, will close.

In 2016 McGregor, Gaastra and Adam dealt with its first bankruptcy, at which point the the Doniger Fashion Group had 75 standalone stores in the Netherlands, Belgium, France and Germany, and 53 located in the Netherlands. The business failure was due to a reported loss of 26 million euros in 2015.

In 2016, after the first bankruptcy, the parent company changed its name from McGregor Fashion Group to Doniger Fashion Group.

McGregor Fashion Group launched in 1993, and had, at its peak, 150 standalone stores in addition to 3,200 points of sale.

Copyright © 2021 FashionNetwork.com All rights reserved.