Cash Converters seeks Flemish growth through Torfs

Cash Converters seeks Flemish growth through Torfs

Australian second-hand seller Cash Converters wants to expand its operations in the north of Belgium, for which it has enlisted two local retail experts: Wouter Torfs (of the eponymous Belgian shoe giant) and Herman van Beveren (Decathlon).

Another 25 stores

General manager Kurt Rens feels there is room for another 25 stores in Flanders: a huge increase compared to the only three stores the company now has in the Dutch-speaking part of Belgium. The overwhelming majority of Belgian stores (24) are in the French-speaking south part of Belgium.

 

The company will not only look to opportunities to open its own stores, but also look at possible franchise stores. Torfs and Van Beveren will have to guide the company around the Flemish retail landscape.

Questions or comments? Please feel free to contact the editors


Amazon launches first own furniture brand

08/11/2017

American eCommerce giant Amazon has once more launched new private labels. This time, it has entered the sports clothing and furniture industries with its own brands.

Beter Bed Holding continues growth, except in Germany

03/11/2017

Beter Bed Holding’s third quarter turnover grew 3.3 %, performing well in every market aside from Germany. It still faces the aftermath of a poison-related issue there.

èggo seeks international expansion to celebrate tenth anniversary

11/10/2017

Belgian kitchen manufacturer èggo celebrates its tenth anniversary this year, and the party mood causes the company to look forward to the next few years: it will launch a new store formula and continue its international expansion.

4 % growth for Ikea, which seeks more online sales

10/10/2017

Swedish furniture chain Ikea saw its turnover grow 3.8 % to 34.1 billion euro in its past fiscal year. The Swedes' ambition doesn't end there: a new digital platform and an urban store concept should further raise sales figures. 

Design label Serax has new majority shareholder

07/09/2017

Investment firm Buysse & Partners acquired design platform Serax, known for selling designs by  Belgians like Pascale Naessens and Sergio Herman. Its new owner wants to expand the product range and is also targeting foreign markets.

Higher turnover and lower profit for Beter Bed

30/08/2017

Despite the fact that Dutch Beter Bed Holding saw its turnover grow 6.7 % in the first half of 2017, its net turnover dropped more than 11 % to 7.5 million euro.

Back to top