DIY
Earlier this week, the Dutch Maxeda DIY Group has joined the Arena Alliance for the purchasing of DIY, garden, and decoration items. It is the eighth do-it-yourself retailer to join the European purchasing group.
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General
Belgian retailers mourn the death of Jacques Dopchie, who rebuilt the old Grand Bazar (pictured) into the modernised retail empire GB Inno BM. Dopchie and his wife died together, at the age of 90.
Dutch DIY company Maxeda has published mixed results for its latest fiscal year: turnover shrank but net profits went times three, the Netherlands painted a better picture than Belgium.
DIY group Maxeda cannot seem to get rid of Praxis, Formido and Brico. Now, several funds who are known for their harsh reorganizations are intervening.
