Neckermann is requesting 5 million state aid in Belgium

0
7


Photo: MARC HERREMANS – MEDIA HOUSE

Neckermann Belgium is requesting 5 million euros in state aid to survive the corona crisis. Neckermann CEO Laurent Allardin confirmed this to De Tijd and L’Echo on Tuesday.

Neckermann saw travel sales collapse after an excellent start to the year in mid-March due to the lockdown. When that ended in mid-June, the trips went smoothly over the counter for four weeks, but then sales came to a halt again. “We are selling 5 to 10 percent of the normal volume, all last minutes,” Allardin explains the current situation.

Neckermann received a loan of 2.6 million euros from BNP Paribas bank in June, with a guarantee from Flanders and Wallonia through their investment companies PMV and SRIW. But that loan is not enough: “Our business will not run at 100 percent again until 2023,” Allardin expects. He is now looking at both the regions and the federal level (investment company FPIM) for new support, and hopes to receive an answer within two weeks.

The Spanish travel group Wamos took over 62 of the 91 travel agencies from Thomas Cook in Belgium, after it went bankrupt a year ago. They continued with the name Neckermann. In the meantime, three stores (Brussels Louise, Herentals and Lier) have been closed permanently.





Source link by https://www.nieuwsblad.be/cnt/dmf20200929_96489011

*The article has been translated based on the content of Source link by https://www.nieuwsblad.be/cnt/dmf20200929_96489011
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!

LEAVE A REPLY

Please enter your comment!
Please enter your name here