Casa also declared bankruptcy in the Netherlands in early April, while in France the brand has entered judicial reorganisation proceedings. Credit: Casashops
Bankrupt interiors chain Casa stages major clearance sales amid uncertain future.
The bankrupt home décor chain Casa held total clearance sales at its stores in Ixelles, Waterloo, Ghent and Turnhout — and thanks to the overwhelming response, more such events may be on the horizon. Next week, the remaining warehouse stock is set to go on sale.
With around 60 shops across Belgium, Casa filed for bankruptcy at the beginning of March, after facing mounting debts it could no longer repay. On 14 April, liquidators kicked off stock clearance sales at the company’s ten best-performing stores. The total revenue from these sales has not been disclosed.
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Casa also declared bankruptcy in the Netherlands in early April, while in France the brand has entered judicial reorganisation proceedings.
Founded in Belgium in 1975, Casa once boasted some 400 stores across eight European countries and employed around 2,500 people. In addition to Belgium and the Netherlands, the brand still has shops operating in France, Luxembourg, Spain and Switzerland. “Those stores will remain open for now. We cannot yet say what the future holds for them,” stated CEO Vincent Nolf.
The chain was acquired in 1988 by the well-known Dutch Blokker family, who later sold it in April 2021 to the Amsterdam-based investment group Globitas. Currently, Globitas owns 51% of Casa, with the remaining share held by Dutch entrepreneur Frank Pruijn.
The company’s collapse follows a prolonged period of financial turbulence, including a restructuring attempt in October 2024 prompted by severe liquidity problems that threatened to shut operations down entirely.
Despite those restructuring efforts — and hopes of a holiday season recovery — the company was ultimately unable to turn its financial fortunes around.
Stay tuned with Euro weekly news for more news from Belgium.