Makro Netherlands loses another director

Makro Netherlands loses another director

Makro's Dutch operational director, Erick Schmit, has resigned immediately. He is the fourth board member that has left the wholesaler's Dutch branch in a short space of time. Nicolas Gautheron will be his replacement.

20 years of service

Schmit has gone through the ranks at Metro Group since 1995, but he will now leave the company entirely. His departure is the fourth in a row, following non-food director Hans Brok, purchase director Maarten van Hamburg and financial director Martin Richrath.

 

Makro has been struggling financially for a while, which may explain the departures. Back in October 2014, the company announced that it would have a 785 million euro turnover for its first 9 months of the year. That resulted in a 21.8 million euro operational loss.

 

The company announced last summer that it would cut 340 positions in an attempt to increase efficiency. All 17 Makro stores in Netherlands were affected by the decision.

Questions or comments? Please feel free to contact the editors


Beate Uhse files for insolvency

15/12/2017

German erotic company Beate Uhse filed for insolvency. It struggled to keep its turnover under control in a digital world. Its stores will remain open for the time being. 

Colruyt Group: turnover grows, profit drops

12/12/2017

Colruyt Group’s six-month results clearly show that the increased competition in the Belgian food retail industry is weighing the company down. It is still highly competitive, but its margins are dwindling.

EU needs to lead in fight against protectionism

08/12/2017

(Content provided by EuroCommerce) On the occasion of the European Trade Policy Day today, EuroCommerce urges the European Union to fight against the growing protectionist tendencies everywhere.

Hema returns to profitability

07/12/2017

Hema has become profitable again: after improved net losses in the past quarters, the Dutch chain has managed to become profitable again in the third quarter.

Huge third quarter loss for Hudson’s Bay

07/12/2017

Canadian Hudson’s Bay suffered a huge loss in its third quarter of 2017. Its turnover also slumped compared to the year before.

Hema opens first Belgian flagship stores based on international formula

06/12/2017

Dutch Hema has opened its first Belgian flagship store in Brussels, based on its international store formula. It will open a similar store in Antwerp by the end of the week.

Back to top