NOZ buys bankrupt CASA's stock in Belgium

French discount retailer NOZ has purchased the remaining stock of the bankrupt CASA chain, acquiring 6.5 million products from 63 Belgian stores and two warehouses. The acquisition, announced today, follows CASA's bankruptcy filing in early March due to unmanageable debts. The bankruptcy led to the closure of all 63 Belgian stores, a distribution center, and the headquarters, impacting 544 employees. NOZ, which operates 339 stores in France, will now sell the acquired CASA products. CASA's total liquidation began in mid-April after the bankruptcy was declared.