The planned acquisition is expected to be financed in full through Macintosh Retail Group's own borrowing capacity. Taking the foreseen financing charges into account, Macintosh Retail Group expects a direct positive contribution to net earnings per share from the acquisition.
Both companies are convinced that the acquisition will create a healthy basis for the further growth of Scapino. Following the sale of Scapino, Retail Network will consist of the Perry Sport, Prenatal, Kijkshop, Lucardi and Siebel Juweliers formulas, with a total of 438 stores in the Netherlands.
Macintosh Retail Group operates 720 stores in the Netherlands, Belgium and France, with a total retail floor space of 440.000 m². Approximately 500 stores are located in town centres and the remainder at shopping centres on the outskirts of towns. Macintosh Retail Group has a purchasing office in Hong Kong to serve its markets in East Asia.
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