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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The assortment includes household, party, do-it-yourself and electronic items as well as stationary, toys, drug store products and cosmetics.
This is all part of the strategy change we are implementing. In addition, accessories for cars and bikes as well as seasonal products are offered.
The E-DC in Gouda, the Netherlands will remain in operation in order to handle the strong growth in online orders. Bijvoet is succeeding Casper Meijer at Blokker B. Amsterdam, 29 May — Blokker Holding made significant progress in in the implementation of the strategy change announced in May and the related reorganisation and disposals. We expect the favourable trend of the last quarter to continue. And we are convinced that our other retail forms will have a bright future with a new owner.
Alteri Investors is a specialist investor in the European retail sector with a successful track record of resolving challenging retail situations.
Blokker Holding sells all Xenos´ German activities to TEDi
This is why the possibility of a net loss will continue to be taken into account over the coming years. The intention is to sell the other retail companies intact. The conversion of Bart Smit stores to the Intertoys brand has now been completed in the Netherlands with the exception of 13 stores in the Netherlands and the Jaarverslag Smit stores in Belgium. In the stores, 11, different products will be offered, depending on the location and the size of the store.
The largest proportion of the 1, jobs that are expected to be lost within the group will related to Blokker and Marskramer approximately job losses at Blokker and DC Mijdrecht and approximately at Marskramer. Assortment and customer approach of Xenos fit excellently with TEDi. The transaction is subject to approval by the relevant competition authorities and pending the advice of the Central Works Council.
The remaining approximately own stores will be closed. Retail companies must, however, continually undergo renewal in order to remain relevant and appealing within a playing field that is becoming increasingly more competitive with consumers who are placing higher demands. Strategy implementation on schedule, but has strong negative impact on result Nearly half of losses caused by high nonrecurring restructuring expenses Weak sales results.
Blokker Holding has more than 1, stores in eight countries and circa 14, employees. Blokker Holding and Alteri expect to complete the acquisition before the end of November Blokker Holding sells Intertoys to Alteri Investors. This led to significant losses in as a result of restructuring, write-offs and weak sales results at all our companies. These are stores that are structurally loss-making and often at locations that are unprofitable for Blokker. Blokker Holding is a retail group with five retail companies Blokker, Big Bazar, Xenos, Maxi Toys and Marskramer specialised in household goods and toys market.
The stores sell cosmopolitan, decorative and practical items at surprisingly low prices — sometimes they are a little quirky, at other times they might be tasty or adventurous, but they are always unusually fun.
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 operational signs for Blokker have improved on last year, and the largest restructuring efforts have been finalised. The activities at the DC in Mijdrecht, the Netherlands will be phased out. TEDi has established itself as reliable local supplier due to its unique price and assortment concept as well as its nationwide presence. This is why Blokker Holding will focus on one retail chain in the future: Blokker Holding results It proves that quality, a broad assortment, fair prices and a sustainable engagement are not mutually exclusive.
Since launching, it has competed a wide range of debt and equity transactions including the acquisition of Versandhaus Walz, a leading multi-channel and multi-brand retailer based in Germany. About Blokker Holding Blokker Holding is a Dutch retail group specialising in household items and toys. The transaction includes all existing employment contracts. Among both our permanent assortment as well as trending items many brand products can be found; about half of the assortment stems from Europe.
Following the finalisation of the sale of Xenos, he was appointed Managing Director of Xenos. Blokker Holding has decided to focus completely on Blokker, the store where it all began in Jobs will be lost at Blokker, Marskramer and at the holding head office.
We fully realise that this announcement will have a great impact on our employees.
Blokker Holding opts for full focus on Blokker
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. The last of the Blokker stores slated for closure have since been closed. With the support of the shareholders and the required financing, Ludo will be able to further carry out the plans for Blokker in an effective manner.
Alteri brings together a team with deep investment and restructuring expertise in retail. These are all cautious signs that things are looking up.
First improvements at Blokker visible in Q4 Amsterdam, 29 May — Blokker Holding made significant progress in in the implementation of the strategy change announced in May and the related reorganisation and disposals. Profits were also dampened by the weak economic results of all retail formats — the reason for implementing the new strategy.
Alteri has extensive experience in, and is committed to transforming and innovating retail companies to achieve and maintain a sustainable competitive advantage. Alteri is committed jaarcerslag introducing new money to help restore businesses to health. About Blokker Holding Blokker Holding is a retail company focussing on household goods and toys.