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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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.
