Belgium
This coverage examines developments in Belgium’s retail sector with relevance to UK-based retail professionals. Reporting includes market entries and exits by UK retailers, shifts in consumer behaviour, regulatory changes, property trends, and macroeconomic factors influencing cross-border operations. The content supports executives and managers evaluating opportunities, partnerships, and risks in the Belgian market.
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Oct- 2024 -25 OctoberClothing & Shoes
Vinted eyes expansion beyond clothes amid €340m secondary share sale
Vinted has closed a secondary share sale of €340m (£283.5m) at a valuation of €5bn (£4.17bn) and is now looking to expand beyond clothes. In recent weeks, Vinted has begun the roll-out of a new category for electronics. The transaction, led by TPG, a leading global alternative asset manager, “validates…
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Apr- 2024 -29 AprilNews
Today’s news in brief-29/4/24
Ted Baker’s European operations are on the brink of administration, endangering 149 jobs. The potential collapse affects stores and concessions in the Netherlands, Belgium, and Spain. This development follows the appointment of restructuring firm Teneo as administrator of Ted Baker by its owner, Authentic Brands Group, after a £210m acquisition…
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29 AprilClothing & Shoes
Ted Baker’s European arm faces collapse, 149 jobs at risk
The European arm of Ted Baker is reportedly at risk of entering administration with 149 roles at risk.According to Drapers, businesses operating the retailer’s bricks-and-mortar stores in the Netherlands, Belgium and Spain are at risk of entering administration. The process is reportedly dependent on each of the country’s systems. The…
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3 AprilClothing & Shoes
Secret Sales acquires Germany’s Dress-For-Less
Secret Sales, the marketplace for off-price retail in fashion, sportswear and beauty, has continued its international expansion with the acquisition of German online retailer, dress-for-less for an undisclosed sum. The “natural next step on an aggressive merger and acquisition (M&A) strategy”, Secret Sales said this deal solidifies it as “one…
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Mar- 2024 -21 MarchNews
The data challenges restricting FMCG companies from building customer relationships
To succeed in FMCG, brands must quickly decode consumer behaviour. However, brands must contend with the scarcity of first-party data as well as the imminent end of third-party data. Thankfully, advances in technology have opened up new possibilities for solving long-standing problems in this sector. White Label Loyalty’s latest whitepaper,…
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19 MarchClothing & Shoes
Castore agrees Umbro Pro Team Sports license
Castore has announced it has completed a deal with Umbro licensee, GL Dameck to sign an exclusive Umbro Professional Team Sports sub-license allowing Castore to market the Umbro brand in the UK, Germany, Austria, Switzerland, Belgium, Netherlands and Denmark. Following a £145m investment round in November 2023, Castore said it…
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Feb- 2024 -9 FebruaryNews
Today’s news in brief-9/2/24
Retail giant Tesco has finalised the sale of its banking arm to Barclays in a £600m deal. The partnership aims to leverage Tesco’s strong brand presence and extensive customer base with Barclays’ financial services expertise. This collaboration will enable Tesco to offer customers Tesco-branded banking products and services, leveraging the…
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9 FebruaryHigh Street
Waterstones pre-tax profits plummet amid tech issue
Waterstones revealed that pre-tax profits fell to £11.2m in the year ending 29 April 2023 from £50.6m reported last year, as a technical issue led to a backlog of orders from bookshops. Waterstones has attributed its performance to a technical issue at its central distribution, following the introduction of a…
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Nov- 2023 -1 NovemberSupermarkets
Asda acquires EG Group’s UK business for £2bn
Asda has completed its acquisition of EG Group’s UK business in a deal valued at £2bn. The move has seen the supermarket acquire EG Group’s UK&I fuel, foodservice, grocery and merchandise business. EG Group said it will continue to operate in the USA, Australia, Germany, France, Italy, the Netherlands, Luxembourg…
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Sep- 2023 -21 SeptemberClothing & Shoes
Secret Sales acquires Spanish online fashion retailer Dreivip.com
Secret Sales has announced the acquisition of Dreivip.com – the Spanish discount retailer – for an undisclosed sum. Secret Sales said the deal Forms the start of an aggressive merger and acquisition (M&A) strategy and follows its recent expansion into the Netherlands and Belgium, making this the third European territory…
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