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


Aldi Nord and Aldi Süd collaborate for animal welfare

18/01/2018

Aldi Nord and Aldi Süd will join forces for a unique collaboration: they will launch their own animal welfare quality mark. “Fair & Gut” (Fair and Good) will launch in Germany for poultry products, but steadily expand.

Rewe uses chocolate pudding to see how little sugar is acceptable

18/01/2018

German supermarket chain Rewe has asked its customers how little sugar they can bear. It aims to lower its private label’s sugar levels, but the consumer will decide by how much.

Lidl dials down its American ambitions

18/01/2018

Lidl had hoped to have about 100 stores in the United States by the summer, but will be forced to adjust its first-year goals. It currently has 49 stores in the United States.

Carrefour looks back on difficult year

17/01/2018

Despite an fourth quarter improvement, Carrefour experienced a very difficult year. There was no growth in Belgium either and it now all depends on CEO Bompard’s new guidelines, which will be revealed next week.

British supermarket chain Iceland gives plastic the boot

17/01/2018

British frozen food chain Iceland will be the first supermarket chain to cut all plastic packages from its private labels. By 2023, each of its 1,400 private label products will have more sustainable packaging, like cardboard and paper, alternatives to plastic.

AB InBev sells two German beers

17/01/2018

AB InBev has sold German beer brands Diebels and Hasseröder, alongside its breweries, to investment fund CKCF. The new owner wants to invest more in the two beer brands.

Back to top