| Brantano aims to be leading Euro shoe business |
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| Monday, 19 November 2007 | |
 The Belgian retail Group Brantano is aiming to be a leading shoe distributor in Europe by lauching a single concept under its own name. Targeting the mid-market segment the company will market a wide variety of ladies', men's, children's and athletic shoes and accessories at the best value for
money. Brantano currently has 287 outlets, of which 147 are in the United Kingdom and is listed on the Belgian Stock Exchange on 16 June 1997. The company now is about to be taken over by Macintosh Retail Group from Holland.
The 5-yearly rent review can occasionally lead to an opportunity to transfer the lease to the owner with a capital gain. In the fourth quarter Brantano will transfer the rental rights to one of its stores while posting a capital gain before taxes of € 1.3 million (rounded figure). Based on the results of the first nine months and the turnover trend to date, Brantano expects that the consolidated turnover and the consolidated recurring operating profit (i.e. profit without taking into account the revenues from store management) for the full year of 2007 may turn out to be above the stated range of € 300 to 310 million for the turnover forecast and € 5 to 7 million for recurring operating profit forecast, respectively.
Image: Ladies1 |
Brantano’s repositioning in the United Kingdom was supported in the third quarter of this financial year with a national marketing campaign with a focus on the important ‘back- to-school’ period. In the United Kingdom, Brantano is responding pro-actively to the trend in the real estate market. 
