Wibra Belgium files for bankruptcy | Financial

The chain had plans to close more than half of its Belgian branches and to continue with 36 branches and 183 employees.

That reorganization should have put an end to years of red figures, and the corona crisis that cost even more sales, but the way in which Wibra wanted to organize the restart – the Dutch head office demanded, according to the Belgian newspaper De Tijd, that Wibra Belgium itself paid the holiday pay and the thirteenth month of his staff – made the operation little promising, the court in Ghent ruled.

Three curators now have to look at how things should continue with Wibra Belgium. There is still a chance that the proposed reorganization will simply be implemented.

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