Jumbo € 48 million paid for La Place – Financieele Dagblad

supermarket chain Jumbo € 48 million down to take over the restaurants of La Place. This is evident from the first report of the trustees of the bankrupt department store V &. D

Jumbo took over the restaurants of January this year. The supermarket group has € 7 million and € 1 million paid for the inventory and inventory of La Place. The remainder of the purchase price consisted of rights to intellectual property and goodwill, accounting for respectively € 30 million and € 10 mln.

department store V & D was declared bankrupt late in 2015. The company has long wrong in difficulty and owner Sun Capital did not want to step in again after an earlier rescue. Curators of V & D sold the bulk of La Place at Jumbo supermarket business.

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seven bids

the trustees received in January seven-binding bids for the restaurant chain. Which mainly came from private equity parties and parties who were already active in the food sector. The trustees are then entered into exclusive negotiations with Jumbo. “The reason for the choice of Jumbo were informed of the bid, the prospects for workers and the underlying business plan,” write the curators.

also note that Jumbo played in” advanced talks “was a candidate for the relaunch of the department stores V & D. It was entrepreneur Cool Investments Roland Kahn. In that context, Jumbo, according to the curators prepared to make a “substantial investment” in the stores. Jumbo was therefore also prepared ‘assets related to the activities of la Place to take over the stores.

A restart proved impossible , which Jumbo could not continue with the separate branches of La Place. “We are especially disappointed for the employees,” said financial director Ton van Veen Jumbo location. “For La Place in the stores is a missed opportunity, but we kept this in mind. Our acquisition of La Place was valued at restaurants outside the stores.

Reopen

Jumbo is still in talks with owners of the V & D buildings on reopening of restaurants in the former department stores. Van Veen late to the FD that he expected “very soon will open the first La Places weather.