 | |
| Industry | Retail |
|---|---|
| Genre | Department store |
Number of locations | 16 [1] |
Area served | Belgium [1] |
| Owner | Galeria Karstadt Kaufhof [2] |
| Website | inno.be |
INNO, formerly branded Galeria Inno, is a Belgian department store chain that operates 16 stores. [3] It is a subsidiary of German Galeria Karstadt Kaufhof. [2]
It was founded in 1897 in Brussels as A l'Innovation. INNO was a founder and has remained member of the International Association of Department Stores from 1928 to 2001. Emile Bernheim has been four times the president of the association in 1931, 1935, 1950, 1960. [4]
Since 2001, the chain has been owned by the Galeria Kaufhof group, which was subsequently acquired by Hudson's Bay Company in 2015 [5] and sold again in 2019.
As of February 2023, INNO's current owner, Galeria Karstadt Kaufhof, supposedly plans to spin off and sell the Belgian INNO branch as part of its own insolvency proceedings. [2] In July 2024 it was announced that Axcent (Scandinavian retail group) and Skel (Icelandic investment group) planned to purchase the company. [6]
INNO operates overall 16 department stores throughout Belgium, of which four are located in Brussels: Uccle, Bruxelles (Louise), Bruxelles (Rue Neuve), Woluwe. [1]
The Hudson's Bay Company is a Canadian retail business group. A fur trading business for much of its existence, it became the largest and oldest corporation in Canada, before evolving into a major fashion retailer, operating retail stores across both the United States and Canada. The company's namesake business division is Hudson's Bay, commonly referred to as The Bay.
Zellers was a Canadian discount store chain founded by Walter P. Zeller in 1931. It was acquired by the Hudson's Bay Company (HBC) in 1978, and after a series of acquisitions and expansions, peaked with 350 locations in 1999. However, fierce competition and an inability to adapt during the early stages of the retail apocalypse resulted in Zellers losing significant ground in the 2000s.
Metro AG is a German multinational company based in Düsseldorf which operates business membership-only cash and carry stores primarily under the Metro brand. As of March 2024, Metro is operating 626 wholesale stores in 21 countries, including Europe, Kazakhstan, and Pakistan.
Lord & Taylor was the oldest-surviving department store chain in the United States. The company operated full-line department stores from 1826 until it filed for bankruptcy in 2020. The following year, in 2021, it closed all its brick-and-mortar stores. Saadia Group acquired the Lord & Taylor intellectual property and relaunched the e-commerce website later that same year. However, due to financial challenges, Saadia went into default in March 2024. In September 2024, Regal Brands Global acquired the Lord & Taylor intellectual property.
Leonhard Tietz was a German department store entrepreneur and art collector of Jewish origin.
Hermann Tietz was a German-Jewish merchant, co-founder of the Tietz Department Store. He was buried in the Weißensee Cemetery.
Karstadt Warenhaus GmbH was a German department store chain whose headquarters were in Essen. Until 30 September 2010 the company was a subsidiary of Arcandor AG and was responsible within the group for the business segment of over-the-counter retail.
Fields Stores Ltd. is a Canadian discount store company owned by FHC Holdings, with 67 locations in British Columbia, Alberta, Saskatchewan, Manitoba, and the Northwest Territories.
Galeria Kaufhof GmbH was a German department store chain, headquartered in Cologne. It was a member of the International Association of Department Stores from 1930 to 2010, with various CEOs acting as presidents of the Association over time.
GIB Group (Grand Bazar Innovation Bon Marché) was a Belgian conglomerate, consisting of various retail and restaurant chains that existed until 2002. GIB Group owned GB (Grand Bazar) super/hypermarkets, Brico (home improvement/DIY), Inno (department store), Quick restaurants (Belgium, France, Netherlands, Luxembourg), Lunch Garden self-service restaurants, Auto 5 car wash/service chain, Nopri, GIB Immo, Christiaensen and Unic.
NRDC Equity Partners (NRDC) is an American private investment firm focused on retail, real estate, and consumer branded businesses.
Richard Alan Baker is an American business executive. He is the Governor, CEO, and Executive Chairman of Hudson's Bay Company (HBC) and executive chairman of each of HBC's eight portfolio companies. He is also the owner of National Realty and Development Corp. (NRDC), a US-based private real estate development and investment company, and is the Chairman of the Retail Opportunity Investments Corp. (ROIC), a public real estate company.
Horten AG (Aktiengesellschaft) was a German department store chain founded by Helmut Horten in 1936 and headquartered in Düsseldorf, Germany.
René Benko is a bankrupt Austrian real estate, media and retail investor, and was the founder of the Signa Holding. The company was considered Austria's largest privately held real estate conglomerate. Benko was considered one of the richest Austrians. Numerous controversies have surrounded Benko’s professional career. In March 2024 Benko declared personal insolvency.
The Karstadt München Bahnhofplatz is a department store of the Karstadt Warenhaus GmbH located in Maxvorstadt, Munich. The store closed on June 30, 2023.
Signa Holding GmbH is Austria's largest privately owned real estate company. Signa Holding GmbH announced insolvency proceedings at the end of November 2023. The company will apply for self-administration restructuring proceedings at the Commercial Court of Vienna.
Saks OFF 5TH, formerly Saks Fifth Avenue Off 5th, is an American off-price department store chain founded in 1990, and a sister brand to the luxury department store chain Saks Fifth Avenue. Both chains were owned by holding company Saks, Inc. until its acquisition by the Canadian-founded Hudson's Bay Company in 2013. Saks Off 5th grew throughout the United States before expanding into Canada in 2016. It competes with off-price department stores including Burlington, Macy's Backstage, Nordstrom Rack, Ross Dress for Less, and the TJX Companies.
Galeria Karstadt Kaufhof GmbH, based in Essen, Germany, is the second largest department store group in Europe, with 92 locations and 18,000 employees. The company was formed in 2018 with the merger of two of Germany's most historic department store chains, Galeria Kaufhof and Karstadt. On August 20, 2021, it was announced that all stores of both chains would be rebranded as Galeria. The first three stores and the online store were rebranded on October 27, 2021, with remaining stores following.
KaDeWe Group GmbH is a group of three department stores in Germany with around 4,000 employees. It is owned by the Thai Central Group.
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