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GERMANY - Sun Capital Partners acquires Neckermann.de

  • Mareen Goebel
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Sun Capital Partners has closed the acquisition of 51% of mail order company Neckermann.de GmbH from Arcandor AG. Arcandor AG continues to hold 49%.

Originally, Arcandor planned to float Neckermann in the first quarter of 2008, but cancelled the plan. Neckermann is planning to increase turnover by 10% in 2008, but continue to reports a losses in the low double-digit millions. The investor plans to return the business to profitability in the next twelve to eighteen months.
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