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Belgian retail chain CASA files for bankruptcy (www.belganewsagency.eu)

submitted 4 weeks ago by [email protected] to c/[email protected]

3 comments fedilink hide all child comments

Belgian homeware retailer CASA has filed for bankruptcy, putting 544 jobs at risk and leading to the closure of 63 stores, its headquarters, and its distribution centre in Olen.

The company, struggling with financial difficulties for years, cited mounting debt and an unfavourable retail market as key reasons for its collapse. Efforts to restructure and secure new investors failed to produce a viable solution.

CASA, which operates in eight European countries with over 2,200 employees, had been under judicial protection since October 2024. However, negotiations with creditors and potential buyers did not lead to a rescue plan. The protection period was set to end on 12 March.

Despite discussions with 12 potential investors, no agreement was reached for a takeover or financial injection. CASA had previously attempted to stabilise its business by closing loss-making stores and reorganising its headquarters, but continued market pressures made recovery impossible.

Closed stores

The case has now been submitted to the commercial court in Turnhout, which will determine the future of the company’s assets and employees. For now, all Belgian stores remain closed.

The fate of CASA’s international stores remains uncertain, as outcomes will depend on local laws and financial conditions in each country.

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[–] [email protected] 0 points 4 weeks ago* (last edited 4 weeks ago) (1 children)

Casa was literally marking up cheap, low quality house goods like 1000% and it seems people caught on. When you can buy the same cheap crap online for only a 100% markup, why would you spend 10x more for it being displayed in a "luxury" way... I bought a few things from there before realizing it was all cheap garbage with a trendy look.

You should support brick and mortars, but not when they sell shit.

[–] [email protected] 1 points 3 weeks ago

Nah, the problem was that it was mid tier products for mid tier prices, without any marketing to speak off. With competitors in both cheaper and higher tiers doing way better marketing and naturally also having some offers in that middle tier.