The week in business: 17 October
Colruyt invests €10 million in Eurowatt, Burger King opens co-operation centre in Brussels and an overview of the rest of the week's business news
Banking \ Degroof
Apparel \ Mer du Nord
The ailing fashion label operating under receivership has attracted two takeover bids: from the French Les Bourgeoises group and from the local JBC. Both offers entail major job losses and the closure of most of the brand’s outlets.
Banking \ Delta Lloyd
The Dutch insurance group has shelved the sale of its local banking affiliate due to a lack of interest from potential buyers. Delta Lloyd Bank will continue operating and will seek to develop the private banking operations it acquired when taking over the local Bank Nagelmackers.
Cars \ Tesla
The California-based high-end electric car manufacturer had registered 361 vehicles at the end of September on the local market at €90,000 each.
Energy \ Colruyt
The controlling family of the Halle-based discount retailer is to invest €10 million to acquire a leading stake in the French Eurowatt energy group operating wind farms in France, Poland and Portugal. The Colruyt family already owns stakes in local offshore wind farms.
Energy \ First Utility
The largest independent gas and energy distributor in the UK is considering expansion in Belgium and Holland and may seek a Brussels stock market quotation.
Fast food \ Burger King
The US-based chain has created a Brussels-based co-ordination centre to manage and develop the operations of its affiliates in Italy, Greece, Romania and Poland.
Leisure \ Plopsaland
The theme park in De Panne is to invest €4 million next year in addition to the €15 million already earmarked for the building of an aquatic park.
Plastics \ Solvay
The Brussels-based chemicals group is to supply Apple with high-performance Peek (polyether cetone) plastic for its iPhone6 range.
