The takeover bid for the six ailing Makro stores is not satisfactory. More than a thousand jobs are at risk of being lost as a result, De Standaard reports. A bid from the Dutch catering wholesaler Sligro for the eleven Metro wholesalers has been accepted.
Makro Cash & Carry Belgium received protection against creditors from the Antwerp corporate court in mid-September. A procedure followed to sell the retail chain completely or in parts. The group consists of eleven stores of catering wholesaler Metro and six branches of supermarket chain Makro. About 2,000 people work there.
There were several bids to take over shops from Makro Cash & Carry Belgium, but only Sligro’s bid for the Metro shops was accepted by the trustee. There was only one bid for the Makro stores, but according to De Standaard that bid does not meet the requirements and the credibility of the bid is questioned. The Makro stores seem to be heading for bankruptcy.
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If the offer for the Makro stores is indeed not concrete, then we prefer that this is known now, instead of being in the shit again later.
Labor unions
The unions inform Belga that they have not yet been officially informed about the decision. “There is currently a ping-pong between the judicial officers and the management about who should inform the staff. But there has not been any official communication yet,” Regrets Kristel Van Damme of ACV Puls.
“The information we are now hearing about the Makro stores is not pleasant. But if the offer is indeed not concrete, then we prefer that something like this is known now, instead of being in the shit again later,” she says.
LOOK. Bargain hunters have been flooding Makro stores since Wednesday
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Total clearance sale at Makro: what discounts can you score? And what products are we talking about exactly?
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