New Store Europe’s turnover dropped to 177 million euro last year, with a 11 million euro company loss to boot, which is why the store designer has failed to keep things afloat.
Several financial backers, like Hercules and a bank, have withdrawn their support, which has resulted in credit lines defaulting. 55 Belgian employees will lose their job.
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Financial backers have withdrawn New Store Europe’s turnover dropped to 177 million euro last year, with a 11 million euro company loss to boot, which is why the store designer has failed to keep things afloat. Several financial backers, like Hercules and a bank, have withdrawn their support, which has resulted in credit lines defaulting. 55 Belgian employees will lose their job.
