Cosmetics group Rituals is fastest growing Dutch firm

Cosmetics group Rituals is fastest growing Dutch firm

The cosmetics brand Rituals created 1,097 new jobs in the period 2012-2016 and tops a new list of the fastest growing Dutch firms compiled by researchers at the Rotterdam School of Management. Rituals, founded in 2000, heads the list of the 250 fastest-growing companies which together created over 10,000 jobs in the three-year period. 'The ScaleUp Dashboard is the first list that truly takes into account and measures all companies in the Netherlands with more than 10 full time employees,' says the programme's director Justin Jansen. The survey covers companies in existence in 2012 which grew by a minimum of 20% in revenue and/or jobs,' he explained. Rituals now operates more than 500 outlets worldwide. Its founder Raymond Cloosterman, an alumnus of Erasmus, said: 'We are opening two to three stores a week and hired and trained 2,400 new employees last year.' Reesink, the agricultural equipment wholesaler, came in second, creating 906 jobs in 2012-2016. Third on the list is Coolblue, which was started as an electronics webshop in 1999 and has grown to over 323 online shops  and eight physical stores, creating 456 new jobs.  More >



Focus on healthcare pays off for Philips

Cosmetics group Rituals is fastest growing Dutch firm Philips' strategy of focusing on healthcare is reaping benefits. The Amsterdam-based company on Tuesday reported full-year 2016 net profit more than doubled to €1.5bn on turnover 3% higher at €24.5bn. Philips chairman Frans van Houten attributed the improved performance to the company's new strategy to focus on healthcare. 'In the next three to four years, we are aiming at annual sales growth of between 4% and 6%,' he said in a statement. The healthcare division HealthTech booked  2016 turnover 5% higher than in 2015. Phiips decided last year to hive off its lighting division to concentrate on healthcare although it still has a 71% stake in Philips Lighting.   More >


More farmers turn to organic farming

Cosmetics group Rituals is fastest growing Dutch firm There has been a 10% increase in the amount of land dedicated to organic farming in the Netherlands over the past five years, national statistics office CBS said on Monday. The increase comes from a rise in arable and market gardening, the CBS said. In addition, the number of organic livestock farms has gone up sharply. There are now almost a quarter more organic poultry farms than five years ago and the number of organic dairy cattle has risen by 54%. However, although the organic poultry flock is now made up of some three million birds, that is still just 3% of the total number of hens in the Netherlands. And organic dairy cows account for just 2% of the total dairy herd.   More >


John de Mol makes official bid for TMG

Cosmetics group Rituals is fastest growing Dutch firm Dutch media tycoonJohn de Mol has used his investment company Talpa to make an official bid for the Telegraaf Media Groep. Talpa is offering €5.90 per share for the country's largest media group, the Volkskrant said on Monday. This is well above the joint €5.25 per share bid offered in December by Belgium-based Mediahuis and the Van Puijenbroek family. Separately, Talpa told the NRC that it hopes to meet with TMG Management very soon. A successful takeover, Talpa said, will result in an 'independent multimedia company with strong positions in print, radio, television and online content.' In a press release John de Mol said his bid is to ensure this 'respected media company will remain Dutch and to further expand it'. 'I fully believe in TMG as a collection of strong Dutch brands and the potential of this company,' he said. 'I think it is a good idea for TMG to return to private hands because I know from experience a bourse-listing limits the flexibility of a company.' The Talpa offer came a few days after the company increased its TMG stake to 20.15% from 18.4%. Belgian publishers Much of the Dutch press is now owned by Belgian publishers. Mediahuis already owns NRC Media (NRC Handelsblad and  NRC.next)  and the Limburger. In Flemish Belgium, Mediahuis publishes  De Standaard, Het Nieuwsblad, the Gazet van Antwerpen en the Belang van Limburg. Another Belgian-owned group Persgroep Nederland publishes Algemene Dagblad, Volkskrant, Trouw and Het Parool.  More >


VDL Nedcar plant to roll out new BMW

VDL Nedcar plant to roll out new BMW series German carmaker BMW has confirmed it will begin production of its BMW XI sports utility vehicle at the VDL Nedcar plant in Born in the southern province of Limburg. BMW chief Harald Krüger said in an interview with the Automotive News Europe website that the SUV would be produced alongside the Mini Hatchback, Cabrio and Countryman models in the Dutch plant. The increase in production capacity at Nedcar is relatively simple because the BMW XI uses the same platform as the Mini Countryman. The extra production capacity in Born is needed because BMW's capacity at its main plant in Regensburg cannot be further expanded despite adding another shift. The work at Born will create hundreds of jobs at the plant which was threatened with closure four years ago when it was owned by Mitsubishi, The plant started up operations again in 2014 after being acquired by the VDL Groep two years earlier.  More >