MACINTOSH RETAIL GROUP
Monday December 21 2015
Macintosh Retail Group N.V. (Macintosh) decided early in 2015 to focus on its Fashion Benelux business. The completed sale of Nea, Fashion UK and Kwantum together resulted in total net proceeds and total debt redemption of € 64 million but also in a lower group turnover and EBIT(DA). During the year, the Fashion Benelux transformation programmes that focus on format development, cross-channel innovation and operational excellence (costs and margin) have been kicked-off and demonstrate initial results.
Macintosh Retail Group N.V. (Macintosh) decided early in 2015 to focus on its Fashion Benelux business. The completed sale of Nea, Fashion UK and Kwantum together resulted in total net proceeds and total debt redemption of € 64 million but also in a lower group turnover and EBIT(DA). During the year, the Fashion Benelux transformation programmes that focus on format development, cross-channel innovation and operational excellence (costs and margin) have been kicked-off and demonstrate initial results.
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Macintosh Retail Group NV issued this content on 2015-12-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-21 06:07:25 UTC
Original Document: http://www.macintosh.nl/en/news_and_downloads/press_releases/2015/12_21_2015_macintoshrs__exploration_of_strategic_options_in_final_phase/
