Book shop chain Selexyz has applied for court protection from creditors because it does not have enough money to pay shop rents and staff salaries, the company said in a statement.

Selexyz, which operates 15 book shops nationwide including Donner in Rotterdam and Verwijs in The Hague, had been trying to bring in a potential new investor but those talks appear to have now failed.

The company has been in financial difficulties for some time and underwent a reorganisation last year.