Macintosh is close to being sold | RetailDetail

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.

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