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.
» Read more
Retailers in the Benelux will face declining consumer confidence and increasing competition in the coming years, credit rating agency Moody’s says in a new report. Traditional retail chains are forced to make high investments due to the growth of online retail, which has a negative impact on profits and creditworthiness.
» Read more
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.
Only a few days after the announcement CEO Roel van Neerbos would leave the Dutch Maxeda DIY Group's new CEO, it is revealed that group director Roy van Keulen will leave the group as well.
Dutch DIY chain Maxeda, which owns chains like Praxis, Formido, Brico and Plan-It, has confirmed the appointment of Frenchman Guy Colleau as its new CEO. He will start on 1 May.