Van Marcke is selling stores to reduce its mountain of debt

Van Marcke is selling retail real estate and downsizing its network to free up cash. The bathroom and heating specialist is carrying a net debt of 188 million euros and posted another loss last year.

Cutting store count in half

The family-owned company has already sold three of its seventeen showrooms in Belgium, France, and Luxembourg and is leasing some of them back. Ultimately, Van Marcke aims to sell all its showrooms and cut its total retail space in half. The network of seventy Van Marcke Technics locations is also being scaled back.