Shoe chain Reno for sale

Shoe chain Reno for sale

The second largest German shoe chain, Reno, is allegedly for sale according to several inside sources. The family-owners have apparently asked investment bank Rothschild to look for interested parties.

Disappointing results

HR Group currently owns Reno, which also used to be part of the Metro Group. It is Germany's second largest shoe chain, trailing Deichmann, with a 650 million euro yearly turnover and 750 stores. The sale should take place after the summer, with other chains like Leiser and Goertz among the possible buyers. Investment firms may also lodge a bid.

 

The HR Group consists of Reno and leather company Hamm, which were merged in 2005, but Reno's disappointing results have now prompted a sale. Former Metro manager Siegfried Kaske owns 50 % of HR Group's shares, while the remaining 50 % is controlled by the Hamm family and several other investors.

Questions or comments? Please feel free to contact the editors


Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Italian Food-focused theme park opens in Bologna

16/11/2017

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

CEO Bernard Deryckere will leave Alpro

16/11/2017

Bernard Deryckere, who was the man behind Belgian dairy company Alpro’s international success, will leave the company after sixteen years. Apparently, he will leave because of differences of opinion with its new owner, Danone.

Ahold USA trials robot in Giant Food Store

15/11/2017

Ahold USA is currently trialing a robot in a Giant Food Store. Its job is to detect dangers and then ask for assistance. He can also point out empty shelves and check prices.

India is promised land for Belgian apples and pears

14/11/2017

India is turning into the promised land for Belgian fruit farmers. It is already Belgian apples’ most important non-European market and Belgian pears are also promoted throughout the country.

Back to top