The Blokker group sold its Dutch toy store chain to British investment house Alteri Investors in October 2017.
“We have come to the conclusion following in-depth analyses that the current organisation needs to undergo hefty restructuring,” the company said in a statement. The 350 Dutch shops, of which around 100 are run by franchisees, will remain open while this takes place.
Financial details were not disclosed at the time. Intertoys, the biggest Dutch toy group by far, has faced increasing competition from online retailers as well as the likes of Blokker and Action.
Amanda Wagensveld, an Intertoys store supervisor, commented on LinkedIn: “Very sad news indeed, it’s a great store. I know very many people, and more importantly a lot of children, who will be sad about it if we need to close.”