Five companies still in the race for Dutch C1000

C1000In the bidding war for Dutch supermarket chain C1000 five companies have reached the second round – according to Dutch website Distrifood. The site added two surprises to its main news: Belgian chain Delhaize would also have been among the bidders, Dutch market leader Albert Heijn wasn't.

Five companies enter round two

The five companies that progressed are Dutch competitors Jumbo and Sligro, German cooperative chain Edeka and private equity firms Bain Capital (Toys“R”Us) and BC Partners (Migros Türk and Office Depot). All passed the rumoured 600 million euro barrier to get them in round two, but current owner CVC Capital hopes for at least one billion euro.

 

Experts believe that certain companies might still make it to round two, like Sperwer and possibly others who made a first round bid that was not high enough. Some companies might join in through joint bids: Jumbo will probably need a co-bidder to ensure the necessary amount.

Delhaize finally aiming for the Netherlands?

The most surprising news was probably that Belgian chain Delhaize would also have entered the bid, even though Food Lion's owner did not make it to the second round. Still, this could mean that Delhaize is finally ready to make a move on the Dutch market. Even if the group is not entering the second round, Delhaize could still try to buy a few supermarkets that might come available after C1000's sale is completed.

C1000In the bidding war for Dutch supermarket chain C1000 five companies have reached the second round – according to Dutch website Distrifood. The site added two surprises to its main news: Belgian chain Delhaize would also have been among the bidders, Dutch market leader Albert Heijn wasn't.

Five companies enter round two

The five companies that progressed are Dutch competitors Jumbo and Sligro, German cooperative chain Edeka and private equity firms Bain Capital (Toys“R”Us) and BC Partners (Migros Türk and Office Depot). All passed the rumoured 600 million euro barrier to get them in round two, but current owner CVC Capital hopes for at least one billion euro.

 

Experts believe that certain companies might still make it to round two, like Sperwer and possibly others who made a first round bid that was not high enough. Some companies might join in through joint bids: Jumbo will probably need a co-bidder to ensure the necessary amount.

Delhaize finally aiming for the Netherlands?

The most surprising news was probably that Belgian chain Delhaize would also have entered the bid, even though Food Lion's owner did not make it to the second round. Still, this could mean that Delhaize is finally ready to make a move on the Dutch market. Even if the group is not entering the second round, Delhaize could still try to buy a few supermarkets that might come available after C1000's sale is completed.

Questions or comments? Please feel free to contact the editors


Lubach: “Fair clothing is a matter of priorities”

15/11/2017

Ever since the Rana Plaza disaster, the clothing industry has clamoured for transparency in the clothing manufacturing branch, but Zondag met Lubach’s Arjen Lubach proved on Sunday that there is no actual transparency yet.

Fashion chain Canada Goose opens first European store

14/11/2017

Canadian fashion chain Canada Goose opened its first European store in London. The brand’s clothing has been in Europe for quite some time, but only at multi-brand stores up until now.

Desigual suffers turnover blow in first three quarters

14/11/2017

Spanish fashion chain Desigual suffered a blow in the first three quarters of 2017, with turnover  down more than 10 %. It mainly struggled in Europe, a region where it generates almost all of its turnover.

Two or three stripes on clothing are Adidas' property

13/11/2017

Swedish store chain H&M can no longer use parallel stripes on its (sports) clothing, because they resemble Adidas’ three stripes too much, according to a The Hague court.

Strong third quarter for Adidas

10/11/2017

Sports clothing manufacturer Adidas experienced a strong third quarter. Its growth was slower than in the previous quarter, but its operational profit exceeded analysts’ expectations.

Yoox Net-a-Porter grows but still failed to live up to expectations

09/11/2017

Online retailer Yoox Net-a-Porter’s third quarter like-for-like turnover grew 17.7 % to 481.8 million euro, which is not entirely what analysts had expected. Its growth slowed down in the United States and China in particular.

Back to top