Dutch Hema has raised its quarterly turnover by 2.8 % to 291.4 million euro and halved its net loss to 6 million euro, as a result of a strong growth online and offline. The retailer focuses on Germany as a target for future expansion plans.
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Belgian investment fund Core Equity will not take over the Dutch Hema group after all, as an agreement with franchisers about e-commerce could not be reached.
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Belgian Core Equity holding is allegedly close to acquiring Dutch chain HEMA: a verbal agreement is apparently in place, all that is required are the signatures.
After years of losses, Hema now experienced its second profitable quarter in a row. The department store chain is also happy with its annual turnover: it published a 1,235.5 million euro record turnover, a 3.5 % increase.
Dutch department store chain Hema, on sale since September, is not attracting much attention, because interested parties feel it is overpriced. Previous attempts to sell the company have also failed.
Lion Capital has approached business bank Credit Suisse to look into “strategic options” for Hema, which basically means it has to find an interested buyer for the Dutch store chain.
Investment firm Lion Capital is preparing another attempt to sell HEMA. It will now contact bankers, lawyers and communication specialists to help it offload the Dutch company.