Chain Block in 2018, with a loss of 344 million euros, reports the NRC on the basis of the company’s annual report. Previously, told chief executive Michael Witteveen all of that is due to the sale of the company’s significant depreciation, which had to be done so that the loss is the greater solution.
The cost is that plus, and amounted to 184 million euros, according to the company’s annual report.
So, of the 76 million was written-off due to the sale of the Block, and the Big Break in Witteveen. It had 74 million and will be amortized on a Xenos, Maxi Toys. The restructuring costs amounted to a further € 34 million.
Witteveen said the loss-making department store chain, this year’s improved figures, running cost, and profit margin. The revenue would have to be left behind. In 2021 is expected to Witteveen once again in the black this year.
