Nothing but negotiation

 
The Gap Partnership

Sales negotiations see Jumbo takeover C1000

A deal has been agreed that will see Jumbo take a 100 per cent share in C1000.

24 November 2011

Retail group Jumbo is to acquire 100 per cent of shares in rival C1000 from CVC Capital Partners.

Although financial terms have not been disclosed, the management of the latter firm fully endorses the takeover, which could point to effective sales negotiations.

The deal will make Jumbo the largest retailer in the Netherlands, with an annual turnover of €7.5 billion (£6.5 billion) and 725 stores.

Frits van Eerd, chief executive officer (CEO) of Jumbo, noted it was a "unique opportunity" and so one they could not turn down.

"I am impressed with what C1000 has achieved in recent years. We are confident that together we will be successful," he added.

Tom Heidman, CEO of C1000 - which prides itself on laying out stock in as efficient a manner as possible - stated he could not have imagined a better scenario.

He added he is sure the entrepreneurs associated with his company will be comfortable working under Jumbo.

Posted by Edel Quinn

Source: C1000 press release, November 24th
 

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more


July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more


April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more


February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more


December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more