Hema news and archive

Ramphastos Investments fails to make agreement with Hema bondholders

Ramphastos Investments has announced that it has failed to reach an agreement with Hema’s bondholders after offering 523 million euros in an attempt to reduce the company’s debts. The owner of Ramphastos Investments Marcel Boekhoorn acquired Hema at the end of 2018 and has since invested 115 million euros in the Dutch department store chain. He...

Retail

Dutch brand Hema to expand to the US and Canada

Hema, one of the most traditional retailers on the Dutch high street, will soon have a presence in the North American market. The brand, whose assortment includes fashion, beauty, stationary and home decor, has closed a deal with Walmart to start offering its products on Wallmart.com from this summer. Only home decor items will be available at...

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Fashion

Leading fashion firms call on Cambodian government to improve labour standards

Leading fashion companies including Nike, PVH, Levi Strauss, Esprit, Adidas and Under Armour have signed an open letter to the Cambodian government urging it to improve its labour standards. The companies, who claim to contribute 9.5 billion US dollars (7.26 billion pounds) to Cambodia’s exports through their work with the country’s suppliers,...

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Business

Hema reports sales rise in Q2, explores sale option

Dutch retailer Hema is exploring options for the future of the company, which may include a future sale of the business, according to the company's financial update for the second quarter of the fiscal year 2017. Hema’s net sales increased to 287 million euros (338 million dollars) in the second quarter of FY17, up 3.3 percent compared to the...