Possible German buyer for Euretco

Possible German buyer for Euretco

Purchase organization Euretco - which owns store chains like Intersport, Libris, Hubo and Runnersworld - may become part of its German counterpart EK Servicegroup.

Extensive collaboration

EK Servicegroup is a purchase alliance which has some 2,200 members and which generates a 1.3 billion euro yearly turnover; considerably higher than Euretco's 2013 turnover of 922 million euro. Both groups already have an ongoing collaboration, but a Euretco spokesperson has confirmed both are considering an extensive collaboration which may lead to an acquisition in the end.

 

Euretco represents some 3,250 stores and has recently acquired DNG Retail, which meant it gained access to 350 DIY stores from brands like Hubo, Multimate and Fixet.

Questions or comments? Please feel free to contact the editors


EuroCommerce: protectionism, Europe’s greatest challenge

15/09/2017

(Content provided by EuroCommerce) According to EuroCommerce Director-General Christian Verschueren, the sector faces many challenges due to a rising tide of protectionism worldwide and within Europe.

Last ten days for cheaper tickets Shoptalk Europe

14/09/2017

(advertorial) Shoptalk Europe (8-11 October in Copenhagen) is the new event for retail and ecommerce innovation. It covers transformational trends, technologies and business models reshaping how consumers discover and shop in an age of digital disruption.

"EU has to define eCommerce's boundaries better"

13/09/2017

Dutch European Parliament member Marietje Schaak feels the European Commission should create a better framework for digital trade in and with European member states. Otherwise, major internet companies will decide the standards themselves, she fears.

Europe wants legal framework for franchisees

13/09/2017

The European Parliament has accepted the “The functioning of franchising in the retail sector” study, which lists several solutions to strengthen a franchisee’s position.

Google appeals European fine after all

12/09/2017

Despite earlier indications that Google would just alter its Google Shopping approach to comply with European legislation, it has now decided to appeal the monster fine.

Experience the future of retail at Paris Retail Week

12/09/2017

(Advertorial) If you want to spot the latest retail trends, go to visit the Paris Retail Week, from 19 until 21 September. It is a trade show, network event and knowledge center with more than 200 freely accessible conferences, keynotes, info sessions and workshops.

Back to top