press releases

Press releases

Thursday December 22 2011

Sale of Halfords delayed

On July 13, 2011, Macintosh Retail Group announced its intention to sell Halfords, expecting to complete the sales process, which would be kicked off in September, in 2011. In part due to the economic situation, which makes it difficult for buyers to arrange financing, the process has suffered delay.
Read more
Monday October 31 2011

MACINTOSH RETAIL GROUP REPURCHASED 289,578 SHARES

Macintosh Retail Group NV repurchased 289,578 own shares through several “block trades” at an average price of EUR 11.52 per share and for a total amount of EUR 3,335,939.
Read more
Thursday October 27 2011

REPURCHASE OF OWN SHARES

The Managing Board of Macintosh Retail Group NV announces its intention to repurchase own shares to a maximum amount of € 3,475,000 to cover outstanding staff options.
Read more
Tuesday October 25 2011

THIRD QUARTERLY UPDATE

• Acquisition of Jones Bootmaker results in plus in turnover • Comparable activities show declining turnover and margin due to very unfavourable market conditions • 2011 operating result probably sharply down on 2010 record high
Read more
Thursday September 29 2011

Launch of Intreza.nl

(#)(*) New online shoe shop featuring Macintosh and third party brands (*) Fits with strategy as largest cross-channel retailer in the Benelux (* Intreza.nl to be expanded further this year
Read more
Wednesday September 7 2011

INTENTION TO SELL GP DÉCORS FRANCE

(#)(*) Poor home decoration market impeding GP Décors’ recovery in profitability (*) Sales process starts in September 2011 (*) Living sector continues to be strategic Frank De Moor, CEO Macintosh Retail Group: “GP Décors successfully implemented a restructuring plan. However, given the continued difficult market conditions, GP Décors is unlikely to grow into a good profitable format as part of Macintosh Retail Group in the short term. Although GP Décors provides a basis for growth of our Living activities, acquiring a profitable retail chain in France or other market seems to be preferable over continuing a long-term process of gradually expanding GP Décors. However, Macintosh Retail Group’s future will continue to be in Fashion as well as Living.”
Read more
Tuesday September 6 2011

MACINTOSH RETAIL GROUP REPURCHASED 334,500 SHARES

Macintosh Retail Group NV repurchased 334,500 own shares through several “block trades” at an average price of EUR 13.90 per share and for a total amount of EUR 4,649,550.
Read more
Friday September 2 2011

REPURCHASE OF OWN SHARES

The Managing Board of Macintosh Retail Group NV announces its intention to repurchase own shares to a maximum amount of € 4,650,000 to cover outstanding staff options.
Read more
Monday August 1 2011

SALE BELCOMPANY TO VODAFONE COMPLETED

Macintosh Retail Group NV and Vodafone Libertel BV have signed today a notarial deed transferring Macintosh Retail Group’s shares in telecom retailer BelCompany to Vodafone.
Read more
Wednesday July 27 2011

Half-year report 2011

Investments in future and pessimistic consumers put pressure on result (#)(*) Turnover plus from Jones Bootmaker acquisition. (*) Higher gross margin as a percentage of turnover. (*) Expenses rise, mainly because of new activities. (*) Operating result down € 3.6 million. (*) Net profit from continuing operations € 2.9 million lower. (*) Second half-year even more important owing to Fashion's higher share of turnover. (*) No statement on turnover or result for 2011.(##)
Read more
Monday July 18 2011

COMPETITION AUTHORITY APPROVES SALE OF BELCOMPANY TO VODAFONE

The Dutch Competition Authority (NMa) has rendered approval for the sale of telecom retailer BelCompany by Macintosh Retail Group to Vodafone Libertel. The works councils of both BelCompany and Vodafone Libertel already agreed to the sale earlier. The transfer of the shares will be formalised within short notice.
Read more
Wednesday July 13 2011

SALE OF HALFORDS

(#)(*) Increased focus on Fashion and Living (*) Start sale process in September 2011 (##) Strategy Macintosh Retail Group The Managing Board and Supervisory Board established that Macintosh Retail Group’s core competencies are most effective in the Fashion and Living sectors. These sectors offer the best opportunities for achieving profitable turnover growth. The company’s three most recent acquisitions (Scapino, Brantano and Jones Bootmaker) must be seen in this perspective. Macintosh Retail Group no longer considers the Automotive & Telecom sector as strategic. Earlier this year, BelCompany (Telecom) was sold to Vodafone Libertel. As a follow-up to this, Macintosh Retail Group is currently seeking a party willing to purchase Halfords (Automotive) to safeguard the latter’s growth and continuity.
Read more
Tuesday May 24 2011

Dividend conversion ratio

The proposal made by the Managing Board to distribute the dividend for 2010 in cash or in the form of shares was adopted at the General Meeting of Shareholders held on April 27, 2011. The cash dividend was set at EUR 0.67 per share. The Managing Board was authorised to set the cash/stock dividend conversion ratio.
Read more
Wednesday April 27 2011

General Meeting of Shareholders

Macintosh Retail Group NV’s financial statements 2010 were adopted at today’s Annual General Meeting of Shareholders. The General Meeting resolved to distribute the dividend for 2010 in cash or, at the option of the individual shareholder, in the form of ordinary shares. The cash dividend amounts to € 0.67 per share. The Managing Board was authorised to set the cash/stock dividend conversion ratio. The value of the dividend in shares will be almost equal to the value of the cash dividend based on the weighted average share price for May 20, 23 and 24, 2011.
Read more
Wednesday April 27 2011

2011 Update

Turnover on continuing operations of Macintosh Retail Group for the period from March through April 24, 2011, was fractionally up on the same period of 2010. By contrast, as previously announced, turnover for January and February had been disappointing. On balance, turnover fell by € 8.7 million (- 3.1%) compared with 2010. Consumer spending in the non-food retail market in the Netherlands showed a 0.6% increase in the period January/February, according to Statistics Netherlands (CBS). Results for March and April are not yet available.
Read more
Thursday April 14 2011

ACQUISITION OF UK SHOE RETAILER JONES BOOTMAKER BY MACINTOSH COMPLETED

Macintosh Retail Group has reached final agreement today with the shareholders of Jones Bootmaker on the acquisition of all shares. The transaction was already announced on January 28, 2011.
Read more
Monday April 4 2011

SCAPINO TO OPEN SMALL FORMAT SHOPS

Scapino, a subsidiary of Macintosh Retail Group, will soon be opening a number of ‘small format’ shops. The idea is to also offer consumers in smaller towns affordably priced shoes and clothing. The first four shops are scheduled to open in the spring of 2011. This development is in keeping with Macintosh Retail Group’s strategy to meet demands in the shoe market with a larger number of differently positioned shop formulas.
Read more
Tuesday March 22 2011

INTENTION TO SELL BELCOMPANY TO VODAFONE

(#)(*)Transaction includes both telecom specialist BelCompany and telecom discounter telefoonkopen.nl. (*)Procedures involving works councils and Netherlands Competition Authority have been / are being initiated. (*)Sale price € 120 million on cash and debt free basis per January 1, 2011. (*)Proceeds of sale to be invested in Fashion and Living. (*)Net transaction result between € 85 million and € 90 million.(##) Frank De Moor (CEO Macintosh Retail Group): “Saying farewell to a great company like BelCompany is not easy. Starting from scratch in 1996, we built and expanded the store format into the most successful telecom retailer in the Netherlands. The future of Macintosh Retail Group, however, is in the Fashion and Living sectors. We are convinced that the sale to Vodafone Libertel is the right decision, as BelCompany will then become part of one of the largest telecom companies in the world.”
Read more
Monday March 14 2011

NOTICE CONVENING GENERAL MEETING OF SHAREHOLDERS AND ANNUAL REPORT 2010

Today at approximately 3 p.m. (CET), Macintosh Retail Group NV publishes the notice convening the Annual General Meeting of Shareholders (April 27, 2011) and the electronic Dutch version of the Annual Report 2010 on its website www.macintosh.nl.
Read more
Wednesday March 2 2011

Operating result up 25% and net profit up 37% thanks to strong second half

(#)(*)Turnover 1.3% higher (H1: - 1.1%; H2 + 3.4%) under persistently difficult market conditions. (*)Increased gross margin for Fashion and Living. (*)Operating result rises 25.1% to € 55.9 million thanks to Fashion. (*)Net profit on continuing operations more than 37% higher at € 40.1 million. (*)Dividend: € 0.67 (2009: € 0.55); optional dividend. (*)2011: Focus on turnover growth; no statement on expected turnover or results.(##)
Read more
Friday January 28 2011

MACINTOSH ACQUIRES UK SHOE RETAILER JONES BOOTMAKER

(#)(*) Jones Bootmaker fits in perfectly with Macintosh’s growth strategy in Fashion. (*) Macintosh will improve its position as an international shoe retailer. (*) With 93 stores, Jones Bootmaker is a well established multi-brand retailer serving the upper/mid market which complements Macintosh’s Brantano UK. (*) Jones Bootmaker has annual consumer sales of over GBP 95 million and is consistently profitable. (*) Acquisition of Jones Bootmaker will be fully financed with loan capital. (*) Jones Bootmaker is expected to contribute to Macintosh’s net profit in 2011.(##) Macintosh Retail Group has reached agreement with the shareholders of Jones Bootmaker on the acquisition of all shares. The transaction will be completed around the beginning of April 2011.
Read more
Wednesday January 26 2011

OPERATING RESULT 2010 UP SOME 20%

In the second half of 2010, turnover of Macintosh Retail Group rose by nearly € 20 million to € 600 million, of which € 10.5 million (+ 3.5%) in the third quarter and € 9.4 million (+ 3.4%) in the fourth quarter. Fashion reported markedly higher turnover in the second half, while turnover in Automotive & Telecom was virtually unchanged, and Living showed a slight fall.
Read more