Blokker Faces Financial Turmoil, Seeks Payment Extension
Blokker, the Dutch retail chain, is in significant financial trouble and has requested a suspension of payments, typically a precursor to bankruptcy. Despite the challenges, the physical stores will remain open, while the online shop has been closed. CEO Pauline Boerman expressed regret over the uncertainty this decision brings to employees, franchisees, suppliers, and customers, acknowledging the ongoing difficulties the company has faced, including substantial tax debts accrued during the COVID-19 pandemic.