Readen Holding Corp. (RHCO)

[CoodBMoney]

If I understand the translation of Neckermanns history, they were still doing over 100 million Euros per year in 2012 when Sun Capital filed for bankruptcy of Neckermann.
I don't know the details of exactly what RHCO bought in 2016, but seems it was the Dutch and Belgium operations.
I know retail is a capital intensive business and you have to be able to pay vendors, employees and all those other expenses while usually operating on a relatively small margin. But, I would think that Ron could have put together a team to use the Neckermann Name/Brand and build a scaled down company that could be profitable.
Look at the Sears Name in the US. They have been considered dead many times over the last few years but recently was given new consideration when they announced a partnership with Amazon to sell their Kenmore Appliances online.

Just saying, takes the right people. Maybe Bart can drive home this fact to Ron!