American investor buys Hunkemöller

American investor buys Hunkemöller

American private equity firm Sycamore has acquired Dutch lingerie chain Hunkemöller for 440 million euro. Sycamore has bought Hunkemöller from French PAI Partners, which paid 265 million euro for the lingerie company in January 2011.

Benelux market leader

When PAI Partners announced it would sell the company, more than ten possible investors were interested. After the first several rounds, only Sycamore and Carlyle remained, which the former now winning out.

 

The Dutch chain currently has more than 600 stores in 16 countries worldwide, including 130 in its home territory, the Netherlands. Hunkemöller is also the market leader in the Benelux and Germany. The company managed a 300 million euro turnover and 4.6 million euro profit in the past fiscal year, which ended 31 January 2015. The chain, founded in Amsterdam in 1886, currently has some 2,700 employees.

Questions or comments? Please feel free to contact the editors


FrieslandCampina sells fruit juice division

17/08/2017

Dairy company FrieslandCampina has sold its fruit juice division, which also contained the Appelsientje brand to Dutch investment firm Standard Investment.

Carlsberg's turnover increases despite lower volumes

16/08/2017

In the first half of the year, Danish beer brewer Carlsberg’s turnover grew 2 % to 31.8 billion krona (4.3 billion euro). The improves sales for its more expensive beers, like Grimbergen, contributed to this turnover increase.

Losses keep growing for HelloFresh

14/08/2017

Over the course of the first half of 2017, meal box delivery service HelloFresh has seen both its turnover and its losses grow significantly. This gives mixed messages in the preparation of its IPO, which is planned for the fall of 2017 to create room for more investments.

Italian gelato is European market leader

11/08/2017

Italian cuisine is revered all across the globe, with people often thinking of pizza and pasta. However, Italians also have an ironclad reputation when it comes to ice cream. This is also reflected in sales, as Italians are the European market leader.

Oprah Winfrey and Kraft Heinz join forces

10/08/2017

American tv star Oprah Winfrey has joined forces with Kraft Heinz to develop a range of “healthy and nutritious soups and side dishes”. The range, currently only available in the United States, should help Kraft Heinz generate turnover growth once more.

Ahold Delhaize continues to struggle in Belgium

09/08/2017

Belgian-Dutch supermarket group Ahold Delhaize has had a very good second quarter, with the company thinking last year's merger could result in lower costs than previously anticipated. On the other hand, Belgium's performance is still weak.

Back to top