Jewellery shop chain Siebel closes all 36 stores

Dutch jewellers chain Siebel on Friday closed all its 36 stores and webshop because the company is in acute financial trouble.

The company, which was founded in 1912 in Rotterdam and has a workforce of 170, was granted a royal charter in 2012.

The company does not appear to have yet applied for court protection from creditors or filed for bankruptcy, news agency Novum said.

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