Casa is no more: the Belgian interior design chain has filed for bankruptcy. Where did it go wrong for one of Belgium’s best-known chains? Take a trip through a decade of worrying signs, hopeful strategies and that one painful uppercut…
CEO: “The last three years”
“Looking at the last three years, wage costs have increased by 20 %”, CEO Vincent Nolf told VRT Nws about the current difficulties in the retail market. If a retailer does not manage to raise its sales, this cost hike can only end in a fatality, as Casa proves (*). The chain was no longer able to deal with its debts and last autumn’s judicial reorganisation did not yield enough results.
