General
Belgian outlet chain Mega World is bankrupt: after the Court of Appeal decided on Monday morning that the retailer would not be protected against creditors, there was no other way out. 650 jobs will be lost.
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Court does not respond to Mega World's request for protection against creditors and appoints two provisional administrators. They are likely to prepare the company for bankruptcy.
Mega World, the retailer that took over Blokker in Belgium, is looking for protection against creditors but has no rescue plan at all. The trade unions demand a special administrator, employees are on strike.
Fashion
French clothing webshop 3 Suisses has applied for and been granted protection against creditors in a move that, for once, seems to have nothing to do with the current coronavirus crisis.
