Blokker Holding and Alteri Investors (Alteri) have reached agreement on the sale of toy The intended transaction is in line with Blokker Holding’s revised strategy announced Lees het meest recente jaarverslag van Blokker Holding in pdf. Blokker Holding and TEDi GmbH & Co. KG (TEDi) have reached agreement on the sale of Xenos’ German activities to TEDi. Xenos, the Dutch. ADDRESS DETAILS. This is a translation of the annual report of Blokker Holding BV. In the case of inconsistency, the Dutch version will prevail.
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blokked The activities at the DC in Mijdrecht, the Netherlands will be phased out. Blokker Holding is a Dutch retail group specialising in household items and toys. This is all part of the strategy change we are implementing.
It is based in Mayfair, London. Blokker Holding expects to sell the other companies to other parties where they will receive the attention they need to remain relevant to customers and to grow.
The annual results and financial statements for blkkker be published in June. The details on the store locations to be closed and the personnel consequences will be worked out further over the coming months.
Blokker Holding results
The jaarvreslag to sell 69 stores was announced in February of this year. This also creates a safety net for those colleagues who lose their jobs. Home Newsroom Blokker Holding results It proves that quality, a broad assortment, fair prices and a sustainable engagement are not mutually exclusive. The expenses and write-offs related to this substantial restructuring operation have therefore caused earnings to decline sharply.
Big Bazar and Maxi Toys will be sold, which is consistent with the current strategy.
We are confident that the effective plans currently in place and the financing available to implement them will ensure that our strategy produces the desired results. This process will take place gradually in the next few months. Amsterdam, 29 May — Blokker Holding made significant blokkfr in in the implementation of the strategy change announced in May and the related reorganisation and disposals. Blokker Holding currently has six retail formulas with more than 1, stores in eight countries and circa 18, employees.
Amsterdam, Dortmund, December 27, Blokker Holding has decided to focus completely on Blokker, the store where it all began in These are all cautious signs that things are looking up.
The retail companies Big Bazar and Maxi Toys will be sold. Following the finalisation of the sale of Xenos, he was appointed Managing Director of Xenos. In line with the announced strategy change, it had already been anticipated that would be a financially weak year, coupled with large reorganisation expenses and possible accounting write-offs. We fully realise that this announcement will have a great impact on our employees. Nevertheless, we have seen a small decline overall as a result of the above-mentioned sale of Leen Bakker jaaarverslag Intertoys: The employees of these companies will consequently find new employment with the new owners.
Injaarverslaf entries in Poland, Portugal and Italy will follow. Marskramer will continue as a franchise format and wholesaler. In Blokker Holding announced the integration of the Intertoys and Bart Smit head offices and the instalment of one single management team for both retail brands.
Blokker Holding sells all Xenos´ German activities to TEDi
The transaction includes all existing employment contracts. Although the toy sector has faced a number of headwinds in recent years, our ultimate goal is for Intertoys to become a truly customer centric business, enabling customers to navigate relevant and appealing local stores fully integrated with online services and webshops.
The retail chain employs more than 3, people and operates around stores. While this will be a tough job, we are fully confident that Ludo will be able to build successfully on the cautious recovery that became visible at the end of Frank Cocx announced in April of this year that he would be leaving Intertoys.
With approximately 14, employees, TEDi is currently represented in six European countries: Alteri has extensive experience in, and is committed to transforming and innovating retail companies to achieve and maintain a sustainable competitive advantage.
Blokker Holding opts for full focus on Blokker
And we are convinced that our other retail forms will have a bright future with a new owner. The intention is to sell the other retail companies intact. In Germany, we aim at opening about new stores per fiscal year, the total number of stores Europe-wide is supposed to grow to 5, within the next few years. We expect the favourable trend of the last quarter to continue.
The transaction includes all blokkwr Xenos employment contracts in Germany. About Intertoys Intertoys — founded in in Gouda — operates around stores including more than franchise across the Netherlands, Belgium, Germany and Luxemburg, with one or more webshops in each country.
Taking over the German Xenos stores also offers us a great opportunity to be situated at top locations. Jobs will be lost at Blokker, Marskramer and at the holding head office.
The solvency rate at year-end was Toys XL stores will be converted to Intertoys before the end of the year. Approximately 13, employees in the Netherlands and abroad work at the retail companies to be sold. In the stores, 11, different products will be offered, depending on the location and the size of the store.
About Alteri Investors Alteri Investors is a specialist investor in the European retail sector with a successful track record of resolving challenging retail situations. Blokker Holding is a retail company focussing on household goods and toys.
Logo Intertoys lang vierkant.