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词条 V&D
释义

  1. History

     Bankruptcy 

  2. Aftermath

  3. References

{{Other uses|VD (disambiguation){{!}}VD}}{{Infobox company
| name = V&D
| former_name = Vroom & Dreesmann
| logo = V&D logo.svg
| logo_caption = Logo as introduced on 8 September 2007
| type =
| foundation = {{Start date and age|1887}}
| founder = {{unbulleted list|Willem Vroom|Anton Dreesmann}}
| fate = Bankruptcy
| defunct = {{Start date and age|2016|2|15|df=yes}}
| location =
| key_people =
| area_served =
| industry = Department store
| products =
| services =
| revenue =
| num_employees =
| parent = Sun Capital Partners
| divisions = 64 branches (2015)
+3 La Place stand alones
| subsid =
| homepage =
| dissolved =
}}V&D (Vroom & Dreesmann) was a Dutch chain of department stores founded in 1887.[1] It was declared bankrupt on {{Nowrap|31 December}} 2015,[2] although its branches were still in operation until {{Nowrap|15 February}} 2016. On {{Nowrap|16 February}} 2016, it was announced that takeover negotiations had not led to an agreement, ultimately resulting in the company's demise.[3]{{As of|2015}}, V&D operated 67 branches throughout the Netherlands, three of which were branded as La Place, its former subsidiary restaurant chain which has both in-house and standalone restaurants throughout the country. The department stores sold, among other things, clothing and shoes, jewellery, cosmetics, books, home-entertainment products, electric goods, stationery, cards and posters, furniture and home wares. Most branches also had a La Place in-house restaurant, a travel agent and an ATM. Larger branches also had a bakery.

History

Vroom & Dreesmann was founded in 1887 by Willem Vroom and Anton Dreesmann.[4] The first branch opened in Weesperstraat in Amsterdam.[4] The company expanded rapidly throughout the Netherlands in the 20th century. It was reorganized into Vendex in 1972 and Vendex International in 1982.[6] In 1987, the in-house restaurant chain La Place was opened. In 1988, Anton Dreesman was replaced as the company's CEO with Abraham Verhoef.[5][6] In 1999, Vendex merged with Koninklijke Bijenkorf Beheer (KBB), the parent company of retail chains De Bijenkorf and Hema, and was renamed into Vendex KBB.[7] It also inherited KBB's royal designation "Koninklijk".[8]

In 2004, Vendex KBB was sold to a new investor group that included KKR, Alpinvest and Permira. It lost its royal designation as a result, but was allowed to keep the K in its name.[8] In 2005, Vendex KBB changed its name into Maxeda. In 2007, Vroom & Dreesmann was rebranded into V&D[1] and the red, white and blue logo was replaced with the current version. In 2008, the vd.nl website was launched, much later than other department stores. Since the end of 2010, V&D is a subsidiary of Sun Capital Partners.

Bankruptcy

At the beginning of February 2015 it was unclear whether V&D would continue to exist..[9] Among the reasons mentioned for the demise:

  • The rise of the Internet with online shopping and the late start of V&D e-commerce.
  • Cheaper brick and mortar stores such as the Swedish H&M and Irish Primark that compete successfully for V&D's market share.[10]
  • A lack of clear identity,[11] in comparison with these affordable stores and the more exclusive ones, such as De Bijenkorf.[10]
  • The sale of the V&D real estate by the joint British-American ownership before Sun Capital, possibly increasing the warehouse's operational costs. The claim, that this is part of the problem, has been contested as, whether through capital costs or rent, the real estate needs to be accounted for one way or another.

After negotiations, real estate owners agreed to reduce the area and costs of the rental properties, employees agreed to a gradual pay cut, and the V&D owners agreed to inject capital, but not the amount needed. Eventually this problem was also resolved. In mid-March 2015, the rent reduction in Den Bosch and Heerlen remained unresolved.[12] In May 2015, V&D kept working on reducing the rents and a new business plan, to be implemented in the short term, which aimed to make V&D profitable again in two years.

In December 2015, the firm was again under court protection for insolvency.[13][14] Under the new situation, the website no longer sold articles and V&D gift cards as well as air miles were no longer accepted for payment.[13]

On 31 December 2015, V&D was declared bankrupt.[14][2] The appointed liquidators decided to keep the department stores open, pending restructuring and takeover talks with several interested parties.[2] On 26 January, Jumbo, a Dutch supermarket chain, announced that it had acquired the subsidiary La Place with the exception of its in-house restaurants, in which it also expressed an interest.[15] Further talks were on-going throughout January and February and ultimately focused on CEO of the Dutch clothing retailer CoolCat and investor Roland Kahn.[16] On 16 February, it was announced that the negotiations for a takeover had broken down. Various news media marked this announcement as the definitive end of the company.[3][17][18] About 10,000 employees lost their jobs.[2]

Aftermath

In V&D's latter days, Canadian retail group Hudson's Bay Company negotiated with the landlords to acquire most of the company's premises without having an interest in the company itself.[19] In May 2016 Hudson's Bay Company (HBC) announced that it would take over up to 20 former V&D locations by 2017. HBC said the expansion would cost CAD $340 million and create 2,500 jobs in the stores and another 2,500 temporary construction jobs. The Dutch stores would operate under the "Hudson's Bay" and "Saks Off Fifth" brands.[20]

The brand name V&D was bought by entrepreneurs Ronald van Zetten, Roland Kahn, and Jaco Scheffers.[21]

References

1. ^1 {{Cite web|url = http://www.vd.nl/contents/algemeen_factsfigures_page|title = Facts & Figures|access-date = 16 February 2016|website = V&D|archive-url = https://web.archive.org/web/20130122041640/http://www.vd.nl/contents/algemeen_factsfigures_page|archive-date = 22 January 2013}}
2. ^1 2 3 {{Cite web|url = http://www.nrc.nl/nieuws/2015/12/31/vd-is-failliet-verklaard-winkels-blijven-nog-open|title = V&D is failliet verklaard, winkels blijven nog open|date = 31 December 2015|access-date = 16 February 2016|website = NRC Handelsblad|last = De Zeeuw|first = Huib|trans-title = V&D is declared bankrupt, shops still remain open|language = nl}}
3. ^1 {{Cite web|url = http://www.nrc.nl/next/2016/02/17/vend-1592824|title = Overname V&D is mislukt|date = 16 February 2016|access-date = 16 February 2016|website = NRC Handelsblad|last = Rijlaarsdam|first = Barbara|last2 = Van der Heijden|first2 = Teri|language = nl|trans-title = V&D takeover has failed}}
4. ^1 {{cite web|url = http://www.ad.nl/ad/nl/4566/Geld/article/detail/1018246/2010/09/14/Oerhollands-warenhuis-V-amp-D-kampte-met-slecht-imago.dhtml|title = Oerhollands warenhuis V&D kampte met slecht imago|work = Algemeen Dagblad|accessdate = 19 February 2016|date = 14 September 2010|agency = ANP|language = nl}}
5. ^{{cite web|url = http://www.anp-archief.nl/page/2166115/nl|title = Vendex International|work = ANP Historisch Archief|access-date = 16 February 2016|last = Van Der Linde|first = Frans|language = nl}}
6. ^{{Cite web|url = https://www.nytimes.com/1989/02/02/business/talking-deals-dillard-s-desire-for-vendex-stake.html|title = Talking Deals; Dillard's Desire for Vendex Stake|date = 2 February 1989|access-date = 19 February 2016|website = The New York Times|last = Barmash|first = Isadore}}
7. ^{{Cite web|url = http://retro.nrc.nl/W2/Evj/98/07a.html|title = Grootste warenhuisketen in de maak: V & D-concern koopt Bijenkorf|date = 9 February 1998|access-date = 19 February 2016|website = NRC Handelsblad|language = nl|trans-title = Largest department-store chain in the making: V&D group acquires De Bijenkorf}}
8. ^1 {{Cite web|url = http://www.trouw.nl/tr/nl/4324/Nieuws/article/detail/1711076/2005/12/03/Vendex-warenhuizen-niet-meer-koninklijk.dhtml|title = Vendex-warenhuizen niet meer koninklijk|date = 2 December 2005|access-date = 19 February 2016|website = Trouw|language = nl|trans-title = Vendex department stores no longer royal}}
9. ^{{cite web|url=http://www.dutchnews.nl/news/archives/2015/02/department-store-group-vd-fights-for-survival.php/|title=Department store group V&D fights for survival (update)|work=DutchNews.nl}}
10. ^1 2 {{cite web|url = http://www.elsevier.nl/Economie/achtergrond/2015/2/Wie-zijn-verantwoordelijk-voor-problemen-VD-en-Blokker-1702472W/|title = Wie zijn verantwoordelijk voor problemen V&D en Blokker?|work = Elsevier|date = 10 February 2016|last = Van der Laan|first = Servaas|access-date = 16 February 2016|trans-title = Who are responsible for the problems of V&D and Blokker?|language = nl}}
11. ^{{cite web|url=http://www.parool.nl/parool/nl/30/ECONOMIE/article/detail/4011449/2015/05/09/V-D-is-saai-en-ouderwets.dhtml|title='V&D is saai en ouderwets'|work=PAROOL}}
12. ^{{cite web|url=http://www.z24.nl/ondernemen/kort-geding-vd-en-metroprop-aangehouden-547509|title=V&D gaat toch overleggen met verhuurders Den Bosch en Heerlen|author=ANP|work=Z24}}
13. ^1 {{cite web|url=http://www.volkskrant.nl/economie/vend-balanceert-op-rand-afgrond-voor-10-duizend-mensen-dreigt-ontslag~a4213331/|title=Cookiewall: Cookies op de Volkskrant - de Volkskrant|publisher=}}
14. ^1 {{cite web|url = https://www.bbc.com/news/business-35208209|title = Dutch V&D department store business goes bust|date = 31 December 2015|access-date = 19 February 2016|website = BBC News}}
15. ^{{Cite web|url = http://www.trouw.nl/tr/nl/4324/Nieuws/article/detail/4232648/2016/01/26/Supermarktketen-Jumbo-koopt-La-Place-restaurants.dhtml|title = Supermarktketen Jumbo koopt La Place-restaurants|date = 26 January 2016|access-date = 19 February 2016|website = Trouw|last = Hermanides|first = Elisa|language = nl|trans-title = Supermarket chain Jumbo acquires La Place restaurants}}
16. ^{{Cite web|url = http://nos.nl/artikel/2086033-coolcat-eigenaar-dreigt-race-om-v-d-te-verliezen.html|title = CoolCat-eigenaar dreigt race om V&D te verliezen|date = 10 February 2016|access-date = 19 February 2016|website = NOS|language = nl|trans-title = CoolCat owner on track to lose race for V&D}}
17. ^{{Cite web|url = http://www.volkskrant.nl/economie/na-129-jaar-is-het-over-voor-vend-teleurstelling-in-duizenden-hoofdletters~a4245913/|title = Na 129 jaar is het over voor V&D: 'Teleurstelling in duizenden hoofdletters'|date = 16 February 2016|access-date = 19 February 2016|website = De Volkskrant|last = Van der Ploeg|first = Jarl|language = nl|trans-title = After 129 years it is over for V&D: 'Disappointment in thousands of capital letters'}}
18. ^{{Cite web|url = http://nos.nl/artikel/2087309-doek-valt-voor-v-d-doorstart-mislukt.html|title = Doek valt voor V&D; doorstart mislukt|date = 16 February 2016|access-date = 19 February 2016|website = NOS|language = nl|trans-title = Curtain falls for V&D; debt restructuring failed}}
19. ^{{Cite web|url = http://www.trouw.nl/tr/nl/4504/Economie/article/detail/4243117/2016/02/12/Twee-schakers-in-eindspel-V-D.dhtml|title = Twee schakers in eindspel V&D|date = 12 February 2016|access-date = 19 February 2016|website = Trouw|last = Hermanides|first = Elisa|language = nl|trans-title = Two chess players in endgame V&D}}
20. ^{{cite news |url= http://www.cbc.ca/news/business/hbc-bay-saks-netherlands-1.3585549 |title=HBC to expand to the Netherlands |accessdate=17 May 2016 |work=CBC News |date=17 May 2016}}
21. ^https://www.gooieneemlander.nl/nieuws/schoolcampus-van-vd-bij-albert-heijn
{{DEFAULTSORT:Vroom and Dreesmann}}

8 : Clothing retailers|Retail companies established in 1887|Retail companies disestablished in 2016|Department stores of the Netherlands|Defunct retail companies of the Netherlands|Shops in Amsterdam|1887 establishments in the Netherlands|2016 disestablishments in the Netherlands
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