Hema news and archive

Dutch retailer Hema to close all six UK stores

Dutch retail giant Hema has announced it will close all six of its stores in the UK by the end of the summer as it withdraws from the country. Hema said the decision comes as it places “a stronger focus on its core markets”. “Of course it is unfortunate that we have to say goodbye to our colleagues and customers in the UK,” Hema CEO Saskia Egas...

BusinessMember

Ramphastos Investments fails to make agreement with Hema bondholders

Ramphastos Investments has announced that it has failed to reach an agreement with Hema’s bondholders after offering 523 million euros in an attempt to reduce the company’s debts. The owner of Ramphastos Investments Marcel Boekhoorn acquired Hema at the end of 2018 and has since invested 115 million euros in the Dutch department store chain. He...

Fashion

Hema posts 4.8 percent decline in Q2 apparel sales

Hhema’s net group sales increased in the second quarter by 3.5 percent to 296.4 million euros (324.7 million dollars) from the same period a year earlier. The company said in a statement that like-for-like sales increased by 1.6 percent. Hema added that sales growth was driven by 11.9 percent rise in sales of household and personal care...

FashionFeaturedMember

Leading fashion firms call on Cambodian government to improve labour standards

Leading fashion companies including Nike, PVH, Levi Strauss, Esprit, Adidas and Under Armour have signed an open letter to the Cambodian government urging it to improve its labour standards. The companies, who claim to contribute 9.5 billion US dollars (7.26 billion pounds) to Cambodia’s exports through their work with the country’s suppliers,...

People

Hema appoints new members to its supervisory board

Hema has announced the appointment of Ronald van der Vis and Jan Zijderveld to its supervisory board effective April 8, 2019. In addition, the company said in a statement, Robert Jan van der Kraats has joined the business as advisor to the supervisory board. Hema recently appointed Wilco Jiskoot and Marcel Boekhoorn as Chairman and member of its...