V&D relaunch becomes increasingly unlikely

V&D relaunch becomes increasingly unlikely

It seems department store chain V&D may be heading towards its worst case scenario. Several real estate owners are leaning towards Hudson's Bay, a company that is gunning for V&D's store locations.

Rental companies do not see a future with V&D

When the news broke that Coolcat founder Roland Kahn would be acquiring V&D, it was said that the sticking point would be how real estate owners reacted. They would have to continue their rental agreement with V&D, but many do not see a future for the company and have no faith in how it will turn out. However, these real estate owners may be enticed to signing a deal with Canadian Hudson's Bay.


Hudson’s Bay wants to acquire 35 of V&D's 62 locations and use those locations to install its own department store chain there. Galeria Kaufhof is one of its brands and according to Dutch NOS, sources within that particular department store chain claim a rental agreement is almost in place.


The biggest problem in the negotiations is that Hudson's Bay can talk to the rental parties themselves, while the guardians and Kahn have very little to say in the matter.


Besides, time is running out for V&D as a final decision has to be made by Tuesday. If there is none, then all stores will close on Wednesday and everyone will be fired. The next few days will be very intense for everyone involved with V&D.

Questions or comments? Please feel free to contact the editors

Gerelateerde items

Companies required to issue sustainability reports by 2018


Content provided by EuroCommerce - As dictated by the European Non-Financial Reporting Directive, companies with more than 500 employees in Europe will have to report annually on their sustainability performance.

Record turnover for Jysk thanks to new stores


Danish chain Jysk has reached a record turnover in its fiscal year 2015/2016, surpassing three billion euro. A huge expansion wave in the past twelve months helped its turnover surge.

AI has to help MasterCard fight fraud


Mastercard has launched artificial intelligence into its global network to help financial institutions to validate realtime transactions more accurately and to refuse falsified transactions.

Amazing Jewelry targets 5,000 stores worldwide


Danish jewellery chain Amazing Jewelry has very ambitious expansion plans. By the end of next year, it should already have around 100 stores and that number should grow to 5,000 in 2025. For Belgium, it has plans for Antwerp and Brussels, with others to follow afterwards.

How Amazon, Alibaba and Walmart fight for global domination


In order to conquer the huge Chinese market, Walmart is counting on its strategic partnership with JD.com, while Amazon and Alibaba have found each other as well. A battle of the titans has erupted, and not just in China. 

Stronger labour market in the EU, but still problems for the young and long-term unemployed


content provided by Eurocommerce - The labour market in Europe has continued to improve during 2015 and 2016, with unemployment rates moving closer to pre-recession levels according to the European Commission.


Back to top