The week in business: 24 February
Coca Cola invests €2m in Brussels innovation centre, 70 jobs to go as C&A closes European HQ in Vilvoorde, and the rest of the week's company news
Metals \ Nyrstar
Apparel \ C&A
The Dutch clothing retail group is closing its Vilvoorde-based European headquarter, responsible for the men’s and children’s lines, with the loss of 70 jobs. The company is in the process of renovating its stores and employs 2,000 people in Belgium.
Horeca \ ISPC
The Ghent-based retailer and distributor for the restaurant and catering trade is being acquired by the Dutch Sligro Food Group. ISPC has outlets in Ghent, Brussels and Liège and employs 250 people.
Agriculture \ Sipef
The Brussels-based palm oil plantations and agricultural commodities company is investing €53 million to acquire Indonesia’s PT Dendy Marker Indah Lestari, which manages 6,500 hectares of palm oil trees. The company has options to push production to up to 9,000 hectares.
Plastics \ Resilux
The Wetteren-based PET bottles and packaging group, which was acquired two weeks ago by the Bain Capital investment group in the US for €390 million, is to merge with the UK’s Petainer to become one of the leading European players in the business.
Holdings \ GBL
The Brussels-based financial holding company is believed to have acquired 3% of Germany’s Hugo Boss fashion label for up to €138 million.
Beverages \ Coca Cola
The American soft drink company is investing €2 million in its Brussels innovation centre to build a production unit to handle low volumes. The local facility recently brought the Nalu and Finley soft drink brands to market.
