C&A

C&A is a Belgian-German-Dutch chain of fast-fashion retail clothing stores, with European head offices in Vilvoorde, Belgium, and Düsseldorf, Germany. It has retail stores in many European countries. It serves only the largest markets of Asia, North America and South America. C&A's brands include Angelo Litrico, Canda, Clockhouse, Here+There, Palomino, Rodeo (ski and snowboard clothes), Westbury, Yessica, Yessica Pure, and Your Sixth Sense.

C&A
Public
Traded asB3: CEAB3
IndustryRetailing
Founded1841 (1841)
FounderClemens and August Brenninkmeijer
HeadquartersVilvoorde, Belgium
Düsseldorf, Germany
Area served
Much of Continental Europe, Latin America, China
Key people
Alain Caparros (CEO)
Knut Bruggemann (Executive)
Thorsten Rolfes (Executive)
ProductsApparel/Footwear specialty
Revenue US$ 8.1 billion (2010)
Number of employees
50,000
ParentCofra Holding AG
Websitewww.c-and-a.com
C&A store in Berlin, with the Swissôtel Berlin on the upper floors
C&A store in Sneek (the Netherlands)

The Brenninkmeijer family owns the C&A group through its Swiss company Cofra Holding AG. The company's success has led the family to be among the wealthiest in the Netherlands.[1] The Brenninkmeijer family, however, live in Geneva and Zug, Switzerland.

History

The company was founded, in Sneek, by brothers Clemens and August Brenninkmeijer in 1841 as a Dutch textile company, taking its company name from their initials. In 1906 Clemens' son, Bernard Joseph, started discounting in Amsterdam (Rekenen in Centen, in plaats van Procenten) and by 1910 there were ten stores in the Netherlands. These were from the German Brenninkmeyer family that traded in linen and textiles since the 17th century from its hometown of Mettingen, Germany.[2]

For many years, C&A retail clothing stores were a major presence in town centres throughout the United Kingdom. C&A also opened stores in a number of out-of-town locations, such as its store at the Merry Hill Shopping Centre in the West Midlands, which opened in November 1989. The company's strategy of selling budget clothes from high-rent city-centre retail stores made it vulnerable to a new breed of competitors operating in cheaper, out-of-town locations, including Matalan and the rapidly expanding clothing operations of supermarket food chains such as Tesco and Asda, and to expanding high street names such as H&M, Zara, and Topshop. C&A in the United Kingdom was a notable example of an incorporated private unlimited company,[3] which meant that it was not required to publish its financial statements under United Kingdom company law. In 2000, C&A announced its intention to withdraw from the British market, where it had been operating since 1922, and the last UK retail stores closed in 2001.[4] Primark bought 11 of the C&A stores.

In June 2009, the company withdrew from the Argentinian market. C&A China competes with main clothing companies such as H&M and Zara.

Singer Beyoncé released her own clothing line, Deréon, in cooperation with C&A in the summer of 2010.

On 14 January 2018, German newsmagazine Der Spiegel reported on its web site that C&A's owners were considering selling the company to an unnamed Chinese investor. In a statement, Cofra Holding AG said that they "remain fully committed to a successful, future-proof C&A business and as such at C&A we have embarked on a transformation and growth program." Without directly mentioning the sale, they added: "The ongoing transformation of C&A includes an investigation of ways to accelerate in high growth priority areas such as China, emerging markets and digital, and that could potentially include partnerships and other types of additional external investment."[5]

Stores

Number of C&A stores on 3 November 2017

Asia

Europe

  • Germany: 467
  • France: 169
  • Belgium: 138
  • Austria: 124
  • Netherlands: 124
  • Switzerland: 99
  • Spain: 76
  • Poland: 55
  • Czech Republic: 42
  • Romania: 43
  • Hungary: 36
  • Portugal: 34
  • Croatia: 20
  • Slovakia: 16
  • Italy: 16
  • Serbia: 15
  • Slovenia: 15
  • Luxembourg: 10
  • Estonia (opening soon)

North America

  • Mexico: 248

South America

  • Brazil: 270 (established in 1976)[7]
  • Colombia: 1

United Kingdom ska act The Specials referenced the store in "Man at C&A" on the 1980 album More Specials. The phrase "Man at C&A" was later used to typify someone who was unfashionable.[8][9][10] In an episode of the sitcom Only Fools and Horses Delboy tells his brother Rodney that when they become millionaires, their clothes will "come from Man at C&A".

gollark: Do most boards have enough text message content to make that work?
gollark: https://media.discordapp.net/attachments/426116061415342080/903008782949416991/image0.jpg?width=628&height=623
gollark: Apparently people think it is and hire CEOs accordingly, although it's possible there isn't really much innovation in company structure which would encourage them not to do that.
gollark: Unless they're the CEO.
gollark: In any case, if whoever was making the decisions at these companies considered it a problem, they could presumably just pay the CEOs less.

References

  1. "Brenninkmeijers Still Netherlands' Richest Family". NIS News. 6 November 2003. Archived from the original on 8 March 2012. Retrieved 20 December 2012.
  2. "C&A – a success story". C&A. Archived from the original on 4 March 2011. Retrieved 20 December 2012.
  3. "Company Details: C & A (company number 00524665)". United Kingdom Companies House webcheck. Archived from the original on 29 December 2008. Retrieved 20 December 2012.
  4. "C&A quits UK". BBC News. 15 June 2000. Retrieved 20 December 2012.
  5. Salden, Simone (14 January 2018). "C&A steht offenbar vor Verkauf an Chinesen" [C&A is apparently on sale to Chinese]. Der Spiegel (in German). Hamburg. Retrieved 14 January 2018.
  6. http://sustainability.c-and-a.com/about-ca/our-retail-markets/china/
  7. http://materialimpacts.c-and-a.com/our-retail-markets/brazil/
  8. Cope, Nigel (16 June 2000). "C&A, a sad tale of the high-street store that went from Coats and 'Ats to Closure and Acrimony". The Independent. Retrieved 20 December 2012.
  9. "C&A closes UK doors for last time". BBC News. 31 May 2001. Retrieved 20 December 2012.
  10. "Man at C&A". slang-dictionary.com. Archived from the original on 16 July 2011. Retrieved 20 December 2012.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.