Another retail chain is in trouble. Fashion chain Shoeby can no longer pay the bills. To prevent the chain with about 200 branches from having to close its doors, attempts are being made to reach an agreement with creditors.
This is evident from a letter from Shoeby to creditors and suppliers, which trade magazine RetailTrends holds. It is written that without an agreement the curtain can fall within a few weeks. The chain is not recovering sufficiently after the lockdowns during the corona crisis, and the high inflation is on top of that.
Parent group Van Deursen Group refers to Shoeby for more information, which cannot be reached by telephone today.
Last week, the corona debts and inflation became too much for Doek Retail. This company operates dozens of Vero Moda, Vila and Pieces branches. It filed for bankruptcy because it cannot repay the tax debt accumulated during the corona period.
Shoeby is not that far. The chain is trying to make a deal with creditors through a so-called Whoa procedure. Last week, the bargain chain Big Bazar tried to get extra time to make the company healthy through a similar procedure. The court rejected this request yesterday.
Earlier, fashion chains Score and the clothing brand Chasin’ belonging to the same company went bankrupt. Scotch & Soda also collapsed, but that company made a restart.