EMCC European Monitoring Centre on Change

NXT Fashion

Company/Organisation:
NXT Fashion

Geographic Location

Country: Netherlands

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.71 - Retail sale of clothing in specialised stores

Employment Effects

Announcement Date: 29-12-2020
Planned Job Reductions min: 116
Type of Restructuring: Bankruptcy

Additional Information

The Dutch fashion chain NXT Fashion has announced 116 redundancy in the Netherlands.  

NXT Fashion has been declared bankrupt due to the COVID-19 crisis, affecting the distribution centre and the head office.

The fashion stores of NXT Fashion, operating under the names Miss Etam and Steps, are not part of the bankruptcy, but they are at risk too. The stores are temporarily closed due to lockdown measures. NXT Fashion was part of Belgian fashion group FNG, which was declared bankrupt in August 2020. After the bankruptcy of FNG, NXT Fashion came under new ownership.

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