- Maxeda, in response to newspaper rumors, last week confirmed that it has engaged Rothschild bank to sell its 138 Brico and 14 BricoPlanit stores in Belgium.
- Media reports indicate the sale will likely be piecemeal - Belgian newspaper De Tijd reportedly named two possible candidates, Hornbach and Leroy Merlin, though the CEO has stated in interviews that Brico and Praxis stores have been up for sale since 2009 without an offer made.
CONSUMER CYCLICALS: DIY Retailer Maxeda Sees YTD Performance On Store Sale Plan
Last updated at:Jan-31 09:58By: Niall Madigan
- Maxeda, in response to newspaper rumors, last week confirmed that it has engaged Rothschild bank to sell its 138 Brico and 14 BricoPlanit stores in Belgium.
- Media reports indicate the sale will likely be piecemeal - Belgian newspaper De Tijd reportedly named two possible candidates, Hornbach and Leroy Merlin, though the CEO has stated in interviews that Brico and Praxis stores have been up for sale since 2009 without an offer made.
