Macintosh is close to being sold

Macintosh is close to being sold

Dutch retail group Macintosh says it is in advanced talks with several potential buyers, but it does not expect to acquire a large sum of money as it has huge debts.

High debt results in low value

At the start of 2015, Macintosh (which owns chains like Dolcis, Invito and Brantano) turned its full attention to Fashion Benelux, which resulted in a series of chain sales, like Kwantum recently. The company used the money to lower its debt, hoping to get Macintosh back on track as a whole.

 

Turnover is still disappointing, which means the company has not been able to wipe away its debt. Compared with its current EBITDA, the high debt means its current shareholders will probably not gain anything from a Macintosh acquisition.

 

The company's fourth quarter turnover will also be lower than last year's fourth quarter, while those had been called underwhelming already.

Questions or comments? Please feel free to contact the editors


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, because 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.

Sainsbury’s wants to cut 1,000 jobs

07/08/2017

Sainsbury’s, the second largest supermarket chain in the United Kingdom, is allegedly planning to cut 1,000 office jobs in order to save up to 500 million pounds (550 million euro).

Higher Kraft Heinz profit despite lower turnover

04/08/2017

Food company Kraft Heinz’ second quarter like-for-like turnover dropped slightly, but the American company did manage to seriously enhance its profitability.

Back to top