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Hellweg bids for Max Bahr

praktiker

 

The Max Bahr liquidator Dr. Jens-Sören Schröder has said negotiations now continue for Hellweg’s proposed acquisition of 78 Max Bahr home improvement stores. Creditors had decided to pursue final talks with the consortium behind the Hellweg bid. read more…

Praktiker Insolvency Clean Up

praktiker

 

After the recent insolvency of the Pratiker AG chain of home improvement stores, the hope is now for survival of profitable sections. A spokesman said that the liquidator and management are now in the process of stabilising the business. The number one task was to secure continued supplies of products. However, as yet they were unable to announce a revised business plan.  read more…

Kingfisher Seeks International DIY Growth

Kingfisher

 

In an interview with Bloomberg Television, the chairman of the British-owned home improvement retail group Kingfisher said the group is on the lookout for more international growth, in particular at locations in Poland. The home improvement group would be interested in acquiring up to 15 sites, should these be available. read more…

Praktiker: Spring Face Lift

 

Last week owners of the Praktiker home improvement store chain announced measures to restructure the business, including an offer received from an investor of an 85 million Euro long-term preferential loan. This loan plays a key part in restructuring Praktiker AG, initiated in November 2011. It will supplement a line of credit and an increase in the existing approved capital. read more…