Household goods and clothes retail group Hema is set to come entirely under the control of the Van Eerd family’s investment vehicle, which also owns supermarket chain Jumbo.

The family already held a 50% stake in the retailer and will now acquire the remaining shares from Dutch investor Parcom, the two shareholders said in a joint statement on Tuesday. Financial details were not disclosed.

The acquisition still requires approval from the competition watchdog ACM and is subject to advice from Hema’s works council. Hema has a workforce of some 17,000.

Hema recently outlined new growth plans, including upgrading 100 stores and opening 15 new locations in the Netherlands, Belgium and France. The retailer will continue to operate under its own name but will sit fully under the umbrella of the Jumbo family.

“Despite the challenging retail market, Hema is performing strongly. In the first nine months of 2025, we achieved growth in revenue, volume, profit, and customer satisfaction,” chief executive Saskia Egas Reparaz said in a statement.

The Van Eerd family and Parcom each acquired a 50% stake in Hema in 2021. Hema had been lumbered with huge debts for years by a variety of different private equity investors and the coronavirus crisis only made things worse.

Hema stands for Hollandsche Eenheidsprijzen Maatschappij Amsterdam or “Standard Price Company of Holland”. The first Hema opened in Amsterdam in 1926 selling everything you could possibly need for 10, 25 or 50 cents.