"Indifun acquisition of Veritas imminent" | RetailDetail

"Indifun acquisition of Veritas imminent"

"Indifun acquisition of Veritas imminent"

Earlier this month, it became clear that there were two possible buyers for Veritas, the Belgian retailer, and it seems that investment firm Indufin is now close to the chain's acquisition.

"No comment"

According to De Tijd, Indufin is in exclusive talks with Veritas about the purchase and should finalize the deal next week. "I will not and cannot comment on this situation. If there are any definite changes, we will divulge what happened", Marc Peeters, chairman of Veritas's board of directors, told RetailDetail.

 

Indufin currently owns Rowies (which manages shoe brand Blue Haven) and used to have a stake in Actief Interim. Currently, De Eik holding and the Luxembourg investment firm Luxempart both own Indufin together.

 

Veritas, founded in 1892, is currently owned by 7 different families. To enable further foreign, omnichannel-focused growth, the chain has been looking for a partner since early 2014. CRG-3D also expressed an interest in Veritas, but it seems Indufin has now won the battle.

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