Swedish fashion giant H&M plans to open a first Belgian concept store for its H&M Home collection in Ghent. The brand has proven popular in Sweden, Norway, Germany and the Netherlands, according to H&M, which is why the chain wishes to move the brand to Belgium as well.
H&M Home on its way to Belgium
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’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.
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.
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.
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.
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.