Flacks Group also seems to be intervening next to HEMA


After Mirage Retail Group, the American investment company Flacks Group also seems to be moving next to HEMA. Ceo Michael Flacks tells De Telegraaf that he considers it unlikely that he will get hold of the department store chain.

“No, I’m not very optimistic about that,” said Flacks. “There are so many parties involved, we are talking to too many people. We are still interested, we have made a bid, but there are a few big US private equity parties in the race.”

According to De Telegraaf, a consortium around the Dutch investment company seems the most promising. Parcom invests money from pension funds, insurers and wealthy families and entrepreneurs. One of the clients is BrandLoyalty founder Robert van der Wallen, a good friend of Marcel Boekhoorn, the previous owner of HEMA, according to the newspaper.

Two citizens’ initiatives have also made an offer. They say they have joined another party. They don’t want to say who it is. In any case, it is not the Mirage Retail Group that dropped out on Monday.

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