Halfords NL Restart Nearly Completed
VEENENDAAL, the Netherlands – According to the administrators handling the bankruptcy of Halfords in the Netherlands, they have reached an agreement on the main issues to restart the company with its new owner.
The name of the new investor in Halfords NL is not disclosed yet as, “We want first to finalize the restart and in the upcoming weeks we will conclude all the details,” said administrators Rinke Dulack en Robbert Roeffen.
Downsizing the number of stores
While all Halfords shops in the Netherlands are still open to the public, a report is made on the possible further downsizing of the number of stores. It is still unknown which shops will stay open and which ones will be closed.
102 retail stores
Halfords NL, with 536 employees, was declared bankrupt last October 7th. The company owns 102 retail stores in the Netherlands and is headquartered in Veenendaal, the Netherlands. Changing market conditions and a difficult economic climate are said to be main reason for the bankruptcy. Former owner and listed retail group MacIntosh still owns millions from Halfords NL.