The bankrupt retail chain Big Bazar is not making a restart. Big Bazar has seven branches in Drenthe. The curators announced in a message to the staff that only one party was interested in continuing with the bargain chain.
That one party did not want to pay enough money for the remaining stocks of Big Bazar, which is why the curators said they could not accept the offer.
In Drenthe, Big Bazar has stores in Emmen, Assen, Meppel, Hoogeveen, Coevorden, Nieuw-Amsterdam and Klazienaveen. The trustees explain to the employees that their most important task is to extract as much money as possible from the estate to pay creditors. As a result, they could not accept a proposal where a buyer would only pay a fraction of the original purchase value of all remaining items.
Other parties that reported to the curators in recent weeks did not want to continue with the stores but were only interested in the stock. No deal was made with them either because they offered too little money. The curators will now sell out the stock from the remaining Big Bazar stores in the coming period. “As usual with a bankruptcy sale, they will give discounts,” they say.
The court in Amsterdam declared Big Bazar bankrupt at the end of last month. The chain had been struggling with financial problems for some time and received more and more complaints about unpaid bills. Many shops were also closed by then. At the time of bankruptcy, Big Bazar still had approximately nine hundred employees and fewer than a hundred stores.