Monday, February 29, 2016

Convent Capital bidder for acquisition of Perry Sport – Financieele Dagblad



(Photo: HH)

the Amsterdam Convent capital investment company, backed by wealthy business family from Puijenbroek, is preparing a bid for the bankrupt Perry Sport. The aim is to make a new start with all 70 branches of the sport store.

This managing partner Dirk Horn of Convent Capital confirmed Monday opposite the FD after rumors of possible interest from the financial side. Also Intersport, a major competitor of Perry Sport, is already mentioned a few days as a possible buyer.

Action Sports

Convent Capital has exclusive interest in Perry Sport, the sister company Action Sports that also commenced under. Both brands belong to the holding Unlimited Sports Group (USG) who last week went defunct. The acute financial problems are partly caused by the demise of V & D, which Perrysport eleven shop-in-shops operated

. the curator of USG, Toni van Hees, these days conducts interviews with candidates for acquisition of sports stores. The final bids must be held by the end of this week.

Convent Capital is sparing with his explanation of the intended bid for Perry Sport . “We have expressed this week by our house lawyers that we are interested. Content that we can not say more about it, “says investor handset.

name Price

Candidates must name a price they want to pay for the name of the chain (s), stocks and store inventory. Bids are not related to real estate. Before that potential buyers must separately enter into negotiations with the owners of the shops.

Convent Capital is a young venture company money into SMEs with a view to sustainable

economy. The private equity house may previously have venture of Van Puijenbroek Units, the investment vehicle of the same name Brabant family business, known as major shareholder of TMG. The capital belongs more IJmuiden family Kloosterboer, grown with the use of cold stores.

Footwear on customized

Convent Capital believes that retail has good survivability by utilizing new technologies. Digitization and 3D printing make it possible in the near future clothing and footwear directly tailored to the store, says Horn. Shoe and clothing sizes to disappear, he predicts. “This will have a huge impact on the supply of stores and the establishment of online sales.”

He expects the accent custom clothing will lead to a reduction in the return flows of items ordered. The logistics will be more efficient because fewer resources are needed in expensive locations.

fitting rooms’

the digitization of the sales process can stores do with fewer personnel – a major expense for the current, traditional retailers. Horn: “Shops turn into ‘fitting rooms’, where each garment only a sample copy hangs to inspire the customer.

An additional advantage is that the clothing production no longer need to be outsourced to low-wage countries. Horn sees significant environmental benefits. “We thus achieve a more sustainable use of resources.

According to the Horn of shop owners have to do every interest in matters tenants who are able to respond to this trend. Thus the property owners increase the chances of long-term rental income.

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