News
Fashion Store ‘Blanco’ Goes Bust
A high-street fashion chain, which includes outlets at Zenia Boulevard, Torrevieja’s Habaneras shopping centre, and Cartagena, has gone bust. Blanco has announced all its stores will close and its 850 employees will be made redundant, after having declared itself bankrupt for the second time in Spain and Portugal. The company is said to owe all
A high-street fashion chain, which includes outlets at Zenia Boulevard, Torrevieja’s Habaneras shopping centre, and Cartagena, has gone bust. Blanco has announced all its stores will close and its 850 employees will be made redundant, after having declared itself bankrupt for the second time in Spain and Portugal.
The company is said to owe all staff 23 days’ pay from November which is overdue, but unions say Blanco’s management is ready to negotiate the ‘best possible conditions’ for outgoing employees. Closures of the brand’s 102 shops will be gradual, but will not start until the Mercantile Court of Toledo approves its second bankruptcy application.
The company, which has liabilities totalling 133 million euro, has applied to the court for permission to wind up – unlike the previous occasion when it went into receivership, in 2013 – and has already shut down its website right in the middle of the Christmas shopping season. A message on Blanco.com says anyone with online orders placed will be contacted as soon as possible.
-
Driving in Spain2 weeks ago
How Long Does it take to Receive a Traffic Fine Through the Post?
-
News2 weeks ago
Your Task for This Week is to Seek Out a Monument – The Week Ahead
-
Health1 week ago
Quirónsalud Elche and Quirónsalud Gran Alacant strengthen their services with the incorporation of a new team specialised in advanced ophthalmology
-
Court News2 weeks ago
Man in court accused of trying to kill ex-partner with an axe