German textile discounter Takko Fashion achieved the highest sales in its history last financial year and says it is ready to further accelerate growth.
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Last year,
Hema suffered a loss of 214.8 million euros, while turnover also decreased. The main villain: the coronavirus. However, the takeover saga also proved to be an issue. A new management team is now ready to take the lead.
Recapitalisation and Covid costs
Department store chain Hema had a particularly turbulent 2020. Not only did the company have to deal with the Covid crisis, but 2020 was also the year in which owner Marcel Boekhoorn was dismissed by the creditors and a difficult takeover battle broke out regarding the Dutch icon. Eventually, the chain came into the hands of investor group Parcom and family Van Eerd, the owners of Jumbo, but that rescue came at a cost.