Dutch fresh produce trader Levarht has been placed into administration, the company has confirmed.
In a statement, the North Holland-based company said that the Amsterdam District Court had granted “a moratorium on payments” to JM Levarht & Zonen BV, which is known more commonly as Levarht.
MR van Zanten of CMS Derks Star Busmann has been appointed as the group’s administrator, and will assess whether its commercial activities can continue.
Levarht’s fruit and vegetable wholesale business involved the purchase and sale of products across the globe.
Levarht currently employs approximately 290 employees, and in the meantime its business will continue “as much as possible”.
During a “cooling-off period” announced by the court, suppliers cannot exercise any rights, the company said.
“The administrator will first have to form an idea of the size of the estate and the rights that various creditors have therein,” it added.