From the Dutch news:
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NOS News
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Friday, 22:48
Bankrupt Bax Music makes a fresh start with former director
Bankrupt Bax Music is making a fresh start. Jochanan Bax, founder and former director, and investor Stijn Bakkeren are taking over the company. This is evident from an email from the curators to the dismissed staff, in the possession of Omroep Zeeland .
Bax Music is one of the largest stores for musical instruments and equipment in Europe. Early last month, the company was declared bankrupt . It had been in financial trouble for some time and had previously filed for suspension of payments.
Bax Music was founded in 2003 by two brothers, Nathanael and Jochanan Bax. Due to a conflict with the other shareholders, Jochanan, the sole board member, was fired earlier this year.
Shortly before the bankruptcy declaration, Jochanan Bax already announced that he wanted to make a fresh start with the company in the event of bankruptcy. That now seems to have succeeded. In the e-mail from the curator, it can be read that he is trying to keep the majority of the staff. Bax Music employed approximately 300 people. Jochanan Bax was not yet available for comment on Friday evening"