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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TEDi has established itself as reliable local supplier due to its unique price and assortment concept as well as its nationwide presence.
Blokker Holding results
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 Bart Smit stores in Belgium.
Jobs will be lost at Blokker, Marskramer and at the holding head office.
Toys XL stores will be converted to Intertoys before the end of the year. The remaining positions will holdnig phased out and eventually eliminated.
This process will take place gradually in the next few months. Intertoys has implemented several modernisation and restructuring activities.
The company headquartered in Dortmund aims at growing from currently 1, to 5, stores in the next few years. About Blokker Holding Blokker Holding is a retail company focussing on household goods and toys. 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 blokkef country.
This will ensure the leading position in the household goods segment is maintained and further strengthened.
We fully realise hooding this announcement will have a great impact on our employees. 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.
Alteri Investors is a specialist investor in the European retail sector with a successful track record of resolving challenging retail situations.
Ludo Bijvoet appointed Managing Director of Blokker B.V.
I holdibg convinced that this is the best possible outcome for all stakeholders and a solid next step in the execution of Blokker Holdings revised strategy. Alteri brings together a team with deep investment and restructuring expertise in retail. In December the sale of Intertoys to Alteri investors was completed. Bijvoet is succeeding Blokkrr Meijer at Blokker B.
And we are convinced that our other retail forms will have a bright future with a new owner. 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.
Based on these developments and the consistently strong financial basis — with a solvency rate of Marskramer has become a franchise format without own stores, and the dismantling of the Mijdrecht distribution centre is now completed. 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. For further information, please visit jasrverslag.
Blokker Holding sells all Xenos´ German activities to TEDi
Virtually all our retail chains continued to grow their blkker business over the past year. The activities at the DC in Mijdrecht, the Netherlands will be phased out. Achieving the related speed, agility and commercial strength that is needed demands greater focus. This includes the revenues of the sold divisions up to the time of the sale.
The first positive effects of the new strategy manifested themselves at Blokker Nederland during the last quarter of Consequently Xenos stores will be converted into TEDi stores within several months. Nevertheless, we have seen a small decline overall as a result of the above-mentioned sale of Leen Bakker and Intertoys: Full terms of the deal concerning Intertoys will not be disclosed.
Blokker Holding opts for full focus on Blokker
Blokker Holding currently focuses through seven retail formulas on three markets: Logo Intertoys lang vierkant. Blokker Holding decided in May to holdjng its energies completely on Blokker, the original retail chain founded in Blokker Holding expects to sell the other companies vlokker other parties where they will receive the attention they need to remain relevant to customers and to grow.
In addition, accessories for cars and bikes as well as seasonal products are offered.
Xenos Germany has 64 stores and employees, located throughout Germany, but concentration in Nordrhein-Westfalen. Approximately 13, employees in the Netherlands and abroad work at the retail jaaverslag to be sold. This is all part of the strategy change we are implementing. Blokker Holding is financially sound and more than sufficiently financed to carry out the plans.