Dutch bookstore chain Polare declared bankruptcy Monday afternoon. Less than a month ago, Polare temporarily closed its stores and suspended online sales as part of what they said was a “strategic organization” to stem ongoing financial woes. NLTimes reports the bankruptcy was “necessary to pay overdue wages” and that employees are guaranteed to receive their wages for a maximum of 6 weeks, paid by the Employment Insurance Agency (UWV.) Seven of Polare’s stores are also understood to have attracted interest from outside buyers, while five employees of the company’s store in Rotterdam have started a crowdfunding campaign to buy it from […]
