Supermarket group Jumbo is not interested in taking over struggling high street chain Hema, finance chief Ton van Veen has told the Telegraaf in an interview.
‘We have a fruitful alliance, the synergy is good, particularly where we can strengthen each other,’ Van Veen said. ‘But there is no question of us becoming the owner.’
Last week a group of investors took over Hema in return for reducing the company’s debt from €750m to €300m. However, they are expected to soon sell the company, and Jumbo has been tipped as one of the potential owners. Blokker reportedly made an offer for the company before the investors acted.
Last December Jumbo took over 17 city centre locations Hema as part of the commercial partnership between the two companies which was launched in November.
In addition, Jumbo is becoming Hema’s food partner in six of the country’s biggest railway stations. All Jumbo stores in Belgium and the Netherlands will also start selling Hema household products.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.