Leen Bakker Gives up Belgium - RetailDetail EU

vrt

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The 44 Belgian interior design stores of the Dutch chain Leen Bakker will be sold because they have been operating at a loss for years due to other major players like IKEA, Jysk, and online retailers. This was reported by De Tijd and L'Echo, and confirmed to VRT NWS. The court has been protecting the chain from its creditors since August 14 and will continue to do so until December 7. The stores will remain open in the meantime.

La Libre

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Leen Bakker Belgium, lost, and its 44 stores are for sale. ...

rd.nl

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Furniture store chain Leen Bakker is putting its 44 stores in Belgium up for sale, the company has confirmed. This is happening through a procedure that companies can initiate when they are struggling financially. The Antwerp court has granted the Leen Bakker stores protection from creditors while the search for a new owner is underway. Real estate investor Retail Estates previously announced the move.

De Tijd

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Leen Bakker's 44 Belgian interior design stores are succumbing to competition from IKEA and the like. Because the situation became too dire, the chain secured protection from its creditors. Court officials are now searching for a buyer.