In September 2019, shortly after the resounding bankruptcy of Thomas Cook, Jean-Luc Hans, vice-president of ABTO gave us an update on Neckermann.
“They want to keep the travel agencies under the name Neckermann. It is not that healthy financially, they communicate on it to attract buyers.
They trimmed to the max, Thomas Cook was idling, they were shrinking on the Belgian market.”
Despite a situation far from idyllic, Neckermann found a buyer with the Wamos Group, owner of the airline in particular.
Except that the idyll has not really taken, and the Iberian investor has never paid the 3.5 million euros promised at the end of last year. In difficulty and deprived of travelers, Neckermann found himself in turmoil.
While its shareholder does not have the necessary funds, the Belgian company has just been placed under judicial protection.
“The management looked for potential investors and a private equity company showed particular interest in our project. In order to protect themselves during this negotiation period, the management opted for the transfer procedure under judicial authority.“, communicated Neckermann.
The countdown begins.
There are 4 months left to find buyers for the company, which still has around fifty points of sale and 152 employees.