Less than a year after Dutch investment group Procures bought bankrupt bookstore chain Selexyz for €3.5m and combined operations with the secondhand and discount De Slegte chain under the banner Polare, the entire company is facing new financial woes. The 20 Polare stores “temporarily” closed Tuesday and their online store has suspended operations as well as part of a “strategic organization,”according to NLTimes.nl, but ceo Jan van de Wouw told RTL Nieuws that Polare is negotiating with “two interested parties” to reopen the stores. Tuesday’s shutdown came just two months after Polare laid off 54 of 336 full-time workers, with book […]
