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Halfords Germany for Sale, Management Buyout Likely

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BERLIN/KOBLENZ, Germany (26 September 2000) — Halfords Germany is struggling, so much so that its holding company Macintosh Retail (Netherlands) is looking to sell its 19 Halfords outlet there, located in and around Berlin and Koblenz. Macintosh general manager Bert Hunen names several reasons why the Halfords formula hasn’t take off in Germany. “Economically,” he […]

BERLIN/KOBLENZ, Germany (26 September 2000) — Halfords Germany is struggling, so much so that its holding company Macintosh Retail (Netherlands) is looking to sell its 19 Halfords outlet there, located in and around Berlin and Koblenz. Macintosh general manager Bert Hunen names several reasons why the Halfords formula hasn’t take off in Germany.

“Economically,” he says, “the Berlin region did not develop as fast as initially expected. Also, German consumers expected a different range of products than what was on offer, notably the car parts that are subject to wear and tear, like tires, exhausts and brake parts.” Concerning the latter, Halfords Germany made the necessary investments to meet this need, but the logistics involved was simply too much for the two different regions.

Karl-Heinz Voss, general manager of Halfords Germany, is currently drawing up an affidavit for a management buyout. If the management succeeds in taking Halfords Germany over, it will have to look for another name — Halfords is leaving Germany and taking its name with it. A final decision will be made in the last week of October. (OB)

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