 | |
| Type | Public |
|---|---|
| Euronext Amsterdam: HDG | |
| Industry | Window coverings |
| Founded | 1919, in Düsseldorf, Germany |
| Headquarters | Rotterdam, The Netherlands |
Key people |
|
Number of employees | 23,618 |
| Parent | 3G Capital |
| Website | hunterdouglasgroup |
Hunter Douglas N.V. is a Dutch multinational corporation. Its principal business is making window blinds and coverings. [1] [2] The company is publicly listed.
The head office is in Rotterdam, the Netherlands, and a management office in Lucerne, Switzerland.
The current corporate structure, Hunter Douglas N.V., was formed in the Netherlands Antilles in 1971 as a result of a restructuring of the previous Canadian entity, Hunter Douglas Ltd. [3] [4] For tax reasons, investors could select either common or preferred shares through 1990. The company operates in more than 100 countries. [5]
In February 2022, former CEO Ralph Sonnenberg transferred a 75% interest to 3G Capital through a Block Trade, the Sonnenberg Family now owns 25% of Hunter Douglas Group. [6]
In 2013, Hunter Douglas purchased a minority stake in 247 Home Furnishings Ltd (247), which they did not make known to the Competitions and Markets Authority (CMA). At a later date in 2016, Hunter Douglas purchased a majority share in Blinds2Go which is by far the largest UK retailer of made-to-measure blinds. Following that, Hunter Douglas made a second acquisition of Hillarys Blinds in 2017. At this point, Hunter Douglas already owned a significant share of the market before purchasing a majority stake of 51% for 247 in 2019. The initial purchase in 2013 had not been cleared with the CMA and the second purchase would have given Hunter Douglas 100% ownership of 247. As a result of concerns around competition in the market, Hunter Douglas was forced to sell their 51% purchase of shares from 2019. This sale was completed and approved by the CMA and went to Cristobal Consulting Ltd. [7] [8] [9] [10]
In March 2022, Hunter Douglas completed the acquisition of 74% of Droma-Sunshade Experts, an exterior sunscreen assembler, with a fast-growing sales presence in Western Europe. [11]
In October 2023, Hunter Douglas fully acquired Select Blinds- a leading US e-commerce blinds retailer. [12] [13]
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Ralph Sonnenberg, is a Dutch billionaire, and former CEO of the Netherlands-based Hunter Douglas Group.
