Family takes full control of Huyghebaert | RetailDetail

Family takes full control of Huyghebaert

Family takes full control of Huyghebaert

Koen Torfs has resigned as the CEO of the NV Huyghebaert (Prima, Uw Buurtwinkel) and will be succeeded by André Mathot, son-in-law of the late Yves Huyghebaert. This way, the family is now fully in control of the company once again.

Gone after 1.5 years

 

Koen Torfs was in charge as NV Huyghebaert's (the group which owns Prima, Uw Buurtwinkel en Cashwell) managing director since May 2013. He was appointed by the group of family shareholders, which managed to block a take-over from Groep Heylen.

 

"Koen Torfs has decided by the end of September to leave the company", the main office in Mechelen confirmed. Torfs was charged in May 2013 to block a Group Heylen purchase and to restructure the company in order to return it to profitability. It is unclear why he has left the company.

 

André Mathot, son-inl-low of the late Yves Huyghebaert, will succeed Torfs. After his departure, the board of directors consists only of family members.

Questions or comments? Please feel free to contact the editors


Are Chinese prisoners working for H&M and C&A?

20/02/2018

British former journalist Peter Humphrey has accused C&A and H&M of using forced labour. He claims to have seen how Shanghai prisoners were forced to work for Western chains, something the retailers will now investigate.

Chanel acquires stake in online retailer Farfetch

19/02/2018

French fashion label Chanel obtained a minority stake in British Farfetch. It wants to use the online retailer’s expertise to create more digital innovations for its own customers.

Monoprix wants to acquire web shop Sarenza

19/02/2018

Store chain Monoprix, part of French Groupe Casino, entered negotiations to acquire online shoe seller Sarenza, one of France’s prime online brands.

Zalando expands collaboration with German retailers

16/02/2018

Zalando has further expanded its collaboration with physical retailers in Germany. Shoe stores were already able to ship through Zalando and now clothes stores can too.

Kiabi opens largest Belgian store in Westland Shopping Center

15/02/2018

French clothing chain Kiabi will open its fifth Belgian store in the Westland Shopping Center in Anderlecht. This will become its largest Belgian store to date, spread across 1,800 sqm.

H&M warns for difficult 2018

15/02/2018

Swedish fashion group H&M warns that 2018 could be yet another difficult year for the company. It is working to improve online sales, but store turnover will most likely continue to drop.

Back to top