Dutch lingerie chain Hunkemöller has been elected “Retail of the Year Europe 2017-2018”. Q&A, which also elects a “Retailer of the Year” in Belgium and the Netherlands, organized the election for the third time.
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According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.
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Dutch lingerie store chain Hunkemöller is for sale again, merely a year after American investment firm Carlyle acquired it. The company hopes to get 600 million euro for the chain, a lot more than the price it paid a year ago.
Dutch lingerie chain Hunkemöller aims to open a chain of physical stores in Switzerland, after having already opened a Swiss web shop in September 2016. The first physical store will open its doors in October.
Lingerie chain Hunkemöller’s turnover grew in the past fiscal year, but costs related to the Carlyle Group acquisition, led to an overall loss.
Lingerie chain Hunkemöller will invest a lot in Spain in the next few years, with the goal to quintuple its store network. It should surpass the 100 store milestone in Spain by 2021.
Lingerie chain Hunkemöller is examining its options to open a store in London. It came to the United Kingdom in 2011, but quickly withdrew. Late last year, it opened a local web shop.
In Berlin, Hunkemöller will open a pilot store under its HKMX brand, exclusively for its sports collection. If that turns out positively, the retailer will expand this formula to other European countries.
The European Commission approved American Carlyle Group's acquisition of Dutch lingerie chain Hunkemöller. It feels there is no overlap between Hunkemöller and the investor's other activities.