Marcel Boekhoorn definitely has nothing to do with HEMA anymore. The court in Amsterdam approves a share transaction, leaving a group of creditors in control of the retail chain. HEMA will announce this on Friday.
Marcel Boekhoorn definitely has nothing to do with HEMA anymore. The court in Amsterdam approves a share transaction, leaving a group of creditors in control of the retail chain. HEMA will announce this on Friday.
The plans for this were already presented in mid-June. Part of this is that HEMA’s mountain of debt will be more than halved from 750 million euros to 300 million euros, in exchange for shares of the traditional Dutch chain. In addition, HEMA is borrowing an additional 42 million euros to supplement the greenhouse.
HEMA CEO Tjeerd Jegen says he is happy with the news. “We are delighted with the very quick decision of the judge,” said Jegen. “Now that the process can be completed, we can once again fully focus on serving our customers optimally, rolling out our strategic plan and further expanding our brand.”
The new owners of the HEMA have already indicated at an earlier stage that they will look for a new owner as soon as possible. For example, CEO Michiel Witteveen of Blokker’s parent company announced in July that he had serious interest.
HEMA fans are also currently attempting to acquire part of the retail chain. They want to influence the course of the retail chain by means of a minority interest and thus ensure that HEMA does not remain the plaything of investment companies.
