Macintosh sells its British activities | RetailDetail

Macintosh sells its British activities

Macintosh sells its British activities

Dutch fashion concern Macintosh has finalized the sale of its British activities, while the company has seen its like-for-like turnover grow (thanks to skyrocketing Belgian online sales), even though overall turnover did drop once more.

Huge online sales growth in Belgium

Macintosh sold its Fashion UK branch, containing Jones Bootmaker and Brantano's British stores, to Alteri investors for 17 million euro. It will use these funds, which were at the lower end of what it had expected to get, to pay off debts. The company is also still looking for a potential buyer for Kwantum.


Total turnover dropped 4.4 % to 108.4 million euro in the third quarter, on the back of sixty store closures. However, on a like-for-like basis turnover grew 1.8 %. Like-for-like turnover in September even skyrocketed 9 % compared to the year before. Biggest growth factor were Belgian online sales, which grew a third.


"We can see the first effects of our transformation plans in the way we guide our stores and collections more directly. Our strategy, to focus on the Benelux shoe market, has become more streamlined now that we have managed to sell Nea International (in April) and Fashion UK (this week)", Macintosh CEO, Kurt Staelens, said.

Questions or comments? Please feel free to contact the editors

Starbucks fast-tracks design of recyclable, compostable cup


Coffee chain Starbucks is committing 10 million dollars (8 million euros) to bring a fully recyclable and compostable cup to the market within the next three years. Currently, some six billion Starbucks cups are distributed per year, an impressive 1% of the world's total. 

HelloFresh buys American competitor and achieved strong growth in 2017


HelloFresh’ turnover last year grew 52 %, bringing it closer to profitability. The German meal box delivery service believes it will become profitable before the end of the year.

Spar makes ambitious entry into Greece


Spar International has set its sights on Greece as the next country to conquer and lead as the foremost independent food retail chain. Spar Hellas will cooperate with Asteras and Mesis to develop more than 500 Spar stores over the next four years.

Dr. Oetker buys half of Freixenet


Henkell, which is Dr. Oetker’s drinks division, has acquired slightly more than half of cava brand Freixenet’s shares. Following two years of negotiations, both companies struck a deal, even though the German food giant will not reign supreme at Freixenet.

Picnic confirms German arrival


Picnic's co-founder Michiel Muller has confirmed earlier rumours that his Dutch online supermarket was trialing in Germany. He added that the trials were done under the brand name Sprinter.

Délifrance joins FFC's portfolio


Dutch Franchise Friendly ConceptsDélifrance Benelux acquisition is in full swing. The franchise organization will obtain the French sandwich chain’s Benelux master franchisee on 1 April.

Back to top