VEENENDAAL, the Netherlands – Macintosh Retail Group announced that its subsidiary Halfords Nederland BV will go on sale next September. According to the parent company, Halfords no longer fits into the strategy of Macintosh. Halfords operates in Holland and Belgium 150 stores selling automotive as well as bike P&A and complete bicycles. This retail chain is completely separate from Halfords in the UK.
In 2010 Halfords Nederland BV had a turnover of €105 million and an operating profit of €1 million. The retail chain has 143 stores in the Netherlands and 7 in Belgium with a staff of 925 employees.
With its yearly sales of about 120,000 new bicycles (including e-bikes) Halfords has a market share of about 10% in the Dutch market. Union is Halfords’ main bike brand. The Dutch Bicycle Group is supplying the Union-branded bikes. The main supplier of P&A is Dutch importer Buzaglo BV.
Frank De Moor, CEO Macintosh Retail Group, said, “Within our portfolio Halfords’ volume is too limited to continue as an independent sector. Macintosh Retail Group’s future is in the sector Fashion and Living which we are able to strengthen further with the proceeds of the Halfords sale.”
Next September Macintosh will start the sale process for Halfords. A bid book will be provided to interested parties. It is expected that the sale will be concluded before the end of 2011. CDI Global, an Amsterdam based specialist in mergers, acquisitions, divestitures and joint ventures, assists Macintosh Retail Group in the sale process.
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