Hunkemöller is up for sale again | RetailDetail

Hunkemöller is up for sale again

Hunkemöller is up for sale again
Shutterstock

Dutch lingerie store chain Hunkemöller is for sale again, merely a year after American investment firm Carlyle acquired it. The company hopes to get 600 million euro for the chain, a lot more than the price it paid a year ago.

Quick profit

If Carlyle manages to sell Hunkemöller for that amount, it will have made a 100 to 200 million euro profit in merely a year, according to De Tijd. Frenc investor PAI Partners sold the chain last year for an undisclosed fee, but insiders claim a 400 to 500 million euro sum.

 

It would be Hunkemöller’s second sale since 2010 when PAI Partners acquired the chain from Maxeda for 265 million euro.

 

The previous acquisition created a 3.6 million euro loss for Hunkemöller in its past fiscal year, despite a small profit in the year prior to that. The chain currently has 775 stores in more than 25 countries. The target is at least 1,300 stores by 2020 and it should have its first Swiss stores by the end of the month. 

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Five years after Rana Plaza disaster: “Governments should demand sustainable production”

24/04/2018

Five years after the Rana Plaza clothing factories in Bangladesh collapsed, several governments have created measures to force manufacturers to have more sustainable production, but the labour conditions have not improved for everyone.

Smyths Toys acquires Toys ‘R’ Us in Central Europe

23/04/2018

Irish Smyths Toys has announced a deal with bankrupt toys giant Toys ‘R’ Us to take over all of its 93 stores in Germany, Austria and Switzerland. Financial details about the deal were not disclosed.

Grupo Cortefiel will continue as Tendam

23/04/2018

Spanish fashion group Grupo Cortefiel is changing its name to Tendam, with the intention of creating a new corporate identity for its five brands: Cortefiel, Women’s Secret, Pedro del Hierro, Fifty Factory and Springfield.

Monki lets 'influencers' earn money

16/04/2018

H&M subsidiary Monki will collaborate with ‘influencers’: the fashion label will launch a global program for social media figures, who can earn money if they sell clothing.

Hans Anders surpasses 200 million euro turnover mark

12/04/2018

Dutch optician chain Hans Anders’ turnover grew 6 % last year, to 203.7 million euro, but it also announced it would divest from the French market.

Chinese investment group now owns fashion chain Naf Naf

12/04/2018

French fashion chain Naf Naf, part of the Vivarte group, has a new owner. A chinese group, led by fashion group La Chapelle, paid 52 million euro to acquire it.