71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
Published
Jun 6, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Possible sale of Dutch retailer Hema cancelled by Belgian investment company

Published
Jun 6, 2018

The possible sale of Dutch retailer Hema has been canceled by Belgian investment company Core Equity Holdings.


Photo: Hema - Instagram - Instagram



The investor called off the earlier oral agreement because too large of a share of the online sales flows to the franchisees of Hema, reported Dutch newspaper De Telegraaf, citing sources.

Core Equity Holdings argued that Hema’s franchise contracts are anachronistic. Currently, if the retailer sells an article via its online shop, a large part of the income is received by the store located in the customer's residential postal code. However, Core Equity Holdings claims that, as a result of the current model, the web store is not profitable, the newspaper reports.

The web store has proven to be an important source of income for the retailer.  In 2017, online sales increased by 31%, compared to 2016.

However, there has been disagreement between Hema and the Vereniging Aangesloten Bedrijven Hema (Association of Affiliated Hema Companies) about the retailer’s online policy for some time now. Hema believes that the franchisees want to benefit from online sales, but do not want to contribute to the costs. Several lawsuits are currently conducted on how the costs and benefits of the web shop should proceed.

Hema first announced that it was looking for a new owner in September 2017. At the time, the retailer said: “[Hema] is well-positioned to benefit from the future growth potential ahead, supported by a strong Benelux business and successful international expansion.”

In recent months, Hema has announced a number of new stores as well as the expansion to new markets, including Austria and the Middle East. Many Dutch stores have been re-modeled according the introduction of an ‘international model’.

Hema is currently owned by London-based investment company, Lion Capital, who purchased the chain in 2007 for €1.1 billion. Earlier reports said that Core Equity Holdings was willing to acquire the chain for 1 billion euros.

Copyright © 2024 FashionNetwork.com All rights reserved.