Maasmechelen Village has 236 million euro in debt

Maasmechelen Village has 236 million euro in debt

Belgian outlet centre Maasmechelen Village has been around for 13 years and attracts 3 million visitors a year, but has stacked up one loss after another. It now has a 236 million euro debt.

Commercial success, financial disaster

Commercially, Maasmechelen Village is a great success, with 19,700 sqm of stores and more than 3 million visitors a year. Turnover also kept growing, up to 19.5 million euro per year.

 

Financially, Maasmechelen Village had a 19.1 million euro loss in 2013 and in total, it now has 236 million euro in debt. The numbers do not worry the company as it is focused on the long-term strategy and the current debt does not represent the actual strategy.

Questions or comments? Please feel free to contact the editors


New CEO for Nestlé Belgilux

23/11/2017

Nestlé announced that Michel Mersch will become Nestlé Belgilux’ new CEO. He will succeed Alexander von Maillot, who will transfer back to the Swiss main office.

Rémy Cointreau's expensive cognacs perform well in Asia

23/11/2017

French liquor group Rémy Cointreau had an excellent third quarter. Its more expensive bottles of cognac were very popular, especially in China, Japan and Singapore.

Online FMCG sales continue to soar

22/11/2017

According to a new Kantar Worldpanel report, online grocery sales grew 30 %, in stark contrast with the overall 1.3 % increase. Online sales now contribute 4.6 % to the overall FMCG sales, but that will grow to 10 % (145 billion euro) by 2025.

Nestlé considers Hain Celestial acquisition

22/11/2017

Nestlé is allegedly interested in a Hain Celestial acquisition. The food company manufactures organic and vegetarian food and is currently valued at about 3.5 billion euro.

Scotland is first to enforce minimum alcohol price

21/11/2017

Scotland is the first in the world to finally enforce a minimum price for alcohol. The law as approved in 2012, but whisky distillers managed to block the legislation up until now.

Europe approves organic reform, Belgium abstains

21/11/2017

The European Commission approved new legislation to simplify organic agriculture in Europe. It will be enacted in July 2020. There was no agreement among Belgian politicians, which is why Belgium abstained.

Back to top