
Hema plans to sell part of its store portfolio to franchisees in order to invest in the acceleration of its international expansion. It marks the latest move by the chain's new owner since its acquisition in October.
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Hema plans to sell part of its store portfolio to franchisees in order to invest in the acceleration of its international expansion. It marks the latest move by the chain's new owner since its acquisition in October.
British contemporary brand AllSaints has seen its full-year profits plummet, hit by property losses and falling in-store sales, in yet another another example of tough times for UK retailers.
The Dutch regulator officially approved the acquisition of Dutch retailer Hema by Ramphastos Investments. With the new owner, the retailer will focus on further expansion and on reducing its debt.
The Netherlands’ Hema announced today that it is in talks with Marcel Boekhoorn of investment company Ramphastos Investments, who has the intention to acquire the 92 year-old chain from its current British owner.
William Kim, the chief executive officer of AllSaints, is leaving the British contemporary fashion brand for its parent company Lion Capital.
Hema’s net sales increased by 2.8% to €291.4 million in Q1 FY18. The retailer also recorded a 25% increase in online sales and will continue to invest in e-commerce.
Hema’s possible sale to Core Equity Holdings has been canceled by the investor. The parties could not find an agreement on the current franchise model in regard to online sales, sources said.
Dutch department store chain Hema could be sold to Belgium’s Core Equity Holdings, according to Dutch media reports. The retailer has been up for sale since September.
Hema owner Lion Capital is struggling with the sale of the retailer, Dutch media reported on Wednesday. The chain has been exploring the options of a sale since September 2017.
Dutch retailer Hema, which has been on sale since September, has received a joint bid from Dutch investors Gilde Buy Out Partners and Alpinvest. The chain may also file an IPO, sources said.