The Blokker and Big Bazar stores survived the first months of the corona crisis, without recourse to government support. Suppliers and landlords were also paid on.
"That is something for a traditional Dutch company to be proud of," said Mirage Retail Group, the parent company of Blokker, Big Bazar, Miniso and toy store chain Intertoys, when the annual figures for 2019 were published.
In the past year, the loss was reduced by 200 million euros to 144 million euros, turnover fell from 817 million euros to 544 million euros. The latter is the result of the sale of chains such as Marskramer and the closure of loss-making shops.
In the second half of this year, toy chain Intertoys will be fully integrated within the group. This concerns 130 stores, eighty franchise branches and eleven hundred employees. The chain was bought back in September last year.
According to Michiel Witteveen, the CEO of Mirage, the objectives for 2019 have been met and on some fronts it has performed better than expected. "Our equity is positive again with 64 million euros and looks a lot healthier than a year earlier."