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Vans Indonesia closes stores due to bankruptcy
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Vans Store at ION Orchard shopping mall on Oct. 19, 2014. All Vans Indonesia stores have been closed down. (shutterstock.com/March Marcho/File)
T
he Indonesian distributor of sneaker brand Vans, PT. Gagan Indonesia, has filed for bankruptcy at the Central Jakarta Commercial Court after failing to negotiate with its creditors under the debt postponement petition (PKPU).
All Vans Indonesia stores had been closed down starting May 31, according to kompas.com.
Loyal Vans shoppers have expressed disappointment over the development on social media, using the hashtag #savevansindonesia on Twitter and Instagram. Some of them posted photos of Vans' "Off the Wall" slogan that serves as the brand’s official catchphrase.
Read also: Rich people don't want Ivanka Trump's fashion
Indonesia still need vans#savevansindonesia pic.twitter.com/cNhjucVA5B
— I S A L . R (@IsalR_14) May 31, 2017
#savevansindonesia relakan. pic.twitter.com/PNzcHxQyII
— Egy Bramantya Akbar (@egybramantya) May 31, 2017
According to kontan.co.id, the company also distributed other popular brands in Indonesia, including Adidas, Bebe, Promod, Quiksilver and Ted Baker. (wir/kes)
