Fashion chain Miss Etam asks for protection from creditors
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Retail fashion group Etam on Friday asked for court protection from creditors to stave off bankruptcy.
The high street chain, which has some 200 outlets in the Netherlands, operates the Miss Etam and Promiss labels.
The company is hoping to be able to relaunch with new investors, news agency ANP says.
The Etam group has been running at a loss for years and has invested heavily in developing an online presence. The company is also attempting to negotiate a rent cut with its landlords, like troubled department store group V&D.
The company employs 2,000 people in the Netherlands and cut 65 jobs at its headquarters earlier this year.
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