Largest Dutch Retail Chain is Bankrupt

The largest Dutch department store chain V&D has been declared bankrupt. It filed for protection from creditors on December 22. V&D employs 10,000 workers at 67 stores. It is owned by the U.S. private equity firm Sun Capital Partners which bought it in 2010.

www.reuters.com/article/netherlands-retail-bankruptcy-idUSL8N14K1IH20151231