Univeg to become worldwide market leader through merger? | RetailDetail

Univeg to become worldwide market leader through merger?

Univeg to become worldwide market leader through merger?

Hein Deprez, CEO of Belgian vegetable producer Univeg, wants to create a worldwide market leader in fruit and vegetables through a merger with Greenyard Foods and Peatinvest. Together, the group would become larger than companies like Dole and Chiquita.

"Favourable for everyone"

Belgian newspaper De Tijd has calculated that the new group, if it were to become reality, would have a yearly turnover of 3.7 billion euro. It was already revealed last month that Deprez was considering a Greenyard merger, but now he wants to include Peatinvest and climb to the worldwide number one spot.


"A combined group with fresh, frozen and canned fruit and vegetables will benefit everyone: farmers, retailers, consumers, employees and shareholders alike. We are convinced trends in society demand a holistic approach on fruit and vegetable consumption."


Currently, the three companies are already working on an agreement that should value all companies and which should create an outline for the merger. Nevertheless, no final decision has been made.

Questions or comments? Please feel free to contact the editors

Dior exchanges Belgian CFO for British one


After eleven years as Dior Homme’s Chief Creative Officer, Belgian Kris Van Assche is to leave the fashion label to find new challenges. British designer Kim Jones will replace him.

Suitcase brand Rimowa cancels all dealer contracts


Suitcase brand Rimowa, part of luxury group LVMH since 2016, has stopped all of its dealer contracts. It wants to initiate a new procedure soon and only a fraction of the current dealers will get a new contract.

H&M disappoints once again


Swedish fashion chain Hennes & Mauritz had to present less than favourable results for its new fiscal year: investor trust has dwindled, now that sales in its home territory have also dropped for the first time in decades.

Bureau of Competition approves Yoox Net-a-Porter bid


The Italian Bureau of Competition has approved Swiss Richemont’s acquisition of Italian fashion webshop Yoox Net-a-Porter. The full bid, yet to be accepted, values the company at 2.7 billion euro.

Donatella Versace stops using fur


Italian fashion brand Versace will no longer use fur: designer Donatella Versace no longer wants to kill animals for fashion, she explained in an interview with The Economist.

"Best year ever" for Danish shoe brand Ecco


Ecco can look back on 2017 as its best financial year ever. The Danish shoe brand, known for its “follow the foot” philosophy, exceeded its own expectations thanks to an 8 % growth.

Back to top