Debates after the loss of HEMA: 'Bitter is that we are now in the reserves it's

Marcel, Debates have Monday night reacted to the agreement that the STORE has to be closed by the creditors so that he's no longer in the picture, as the property owner. "The way in which this is done is that which is bitter to us, because we are now forced to be on the substitute bench etc.", wrote the Debates on the website of his investment company, Ramphastos

"I've spent my entire life as a fan of the STORE has been", says Debates are a message to. "The way in which the various owners in the past few years, the department stores have been taken for granted, has me bothered."

the Debates will acknowledge that there is far too much debt was when he was at the end of January, the owner of the STORE. "It's the most annoying I found, that this debt is unjust in the STORE was," he said. "The debt was not incurred by the fund (which is always profitabele activities of the STORE, but the purchase of that business. I like it and think it is a very unhealthy way of working, which is the company to deal with a burdensome idea."

'have to Pay, or to take it away, it seemed to be the motto'

The operator said that it was difficult to keep the debt-to-manage as the company by the stock exchange, in the hands of a large group of unknown players. "In addition, the liability is to be governed by the laws of the united states, and the majority of note holders are actually American. This can be seen in the highly detailed schulddocumentatie which have a certain degree of ruthlessness is apparent. Pay for it or take it away, it seemed to be the motto."

the STORE has entered into an agreement with the creditors who have to all come together. Among the creditors is the 750 million euros in loans. This amount will be reduced to € 300 million.

"The return of the debt, and today it is successful", says the Debates. "This is a great addition to the STORE, and all of its stakeholders, and for that I am very, very happy with it. The STORE has a historic opportunity to build a future with a sanitized balance sheet and a greater part of the deleted ball and chain."

The group of bondholders shall be all of the shares of HEMA B. V., get your hands on", so wrote a letter to the store chain on Monday, and with it, the role of the Debates on the STORE as normal. "The way in which this is done is that which is bitter to us, because we are now forced to be on the substitute bench and sit," said Debates. "We are not used to it. I will continue to do in the next time carefully."