Didi

Type
Bankruptcy
Country
Netherlands
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.71 - Retail sale of clothing in specialised stores
500 jobs
Number of planned job losses
Job loss
Announcement Date
10 February 2020
Employment effect (start)
Foreseen end date

Description

Women’s clothing store Didi will close all its stores next week, leading to the dismissal of 500 employees. Didi was declared bankrupt earlier at the beginning of the year but secured a six weeks period to look for a potential buyer to ensure the stores could remain open. The quality of the bids, however, was disappointing and lead to the decision to close all the stores. Didi has 81 stores throughout the Netherlands.

Sources

Citation

Eurofound (2020), Didi, Bankruptcy in Netherlands, factsheet number 99762, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99762.