The Brantano stores and other Belgian stores of the bankrupt parent company FNG will not open soon with a view to a major sale as previously planned. The reason is that the trustees are in advanced negotiations with “several bidders”. They want to take over a significant number of stores and restart the organization. The trustees want to devote their full attention to this.
The battle at Brantano is between the German Deichmann (the largest shoe retailer in Europe) and the Dutch Ziengs Retail (which includes Scapino in its portfolio). The offer from Deichmann and Ziengs is said to be based on the same idea: restart a number of stores under the name of Brantano, under the direction of a Belgian CEO who knows the shoe sector well.
Observers say that it is important for Brantano to work with a party that can absorb the losses that can still be expected in the coming years. The bids for Brantano and other Belgian entities of the fallen Benelux branch of FNG must be received tomorrow. For the clothing formula CKS, the holding company above JBC and Mayerline is mentioned.