The week in business: 19 May

Summary

Geurlain to open flagship store in Brussels, Euronav rents to Quatari North Oil and an overview of the rest of the week's company news

Retail – Guerlain

The French perfume and cosmetics chain plans to open a flagship store on Brussels’ Stefaniaplein. It is the company’s first outlet outside of France and the first of many to be established worldwide over the next 10 years.

Shipping – Euronav
The Antwerp-based tanker operator has signed a five-year rental contract with the Quatari North Oil Company for two of its VLCC ships.

Parking – Q Park
The Dutch operator of parking garages, with some 40 locations in Flanders, is being taken over by the KKR private equity group in the US for €2 billion.

Chemicals – Kaneka
The Japanese plastics and chemicals group is investing €34 million in its facilities in Westerlo, Antwerp province, to increase capacity in synthetic polymers.

Media – Mediahuis
The Flemish newspaper publisher, which is in the process of taking over the Netherlands’ Telegraaf group has also announced the acquisition of Wayne Parker Kent, a leading Dutch online news publisher and marketing company.

Air – Brussels Airport
The Zaventem-based airport is investing €1 billion over the next five years to renovate part of the old terminal building, which opened in 1958. The airport, which has lost two cargo operators recently due to new noise restrictions, will be served by the China’s Hainan Airlines from 25 October, with direct flights to Shanghai.

Consulting – Bureau Van Dijk
The Brussels-based business information and data management group has been acquired by the Moody’s in the US for €3 billion.

Data protection – Proximus
The Brussels-based telecoms group has acquired Davinsi Labs, a data protection start-up in Antwerp.

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