[In the picture] Inno inaugurates 'biggest perfumery in Belgium'
In two Brussels branches, Inno has thoroughly revamped its perfumery department, with a focus on glamour and luxury.
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In two Brussels branches, Inno has thoroughly revamped its perfumery department, with a focus on glamour and luxury.
While parent company Galeria needs to reorganise, Inno posted profits for the second consecutive year, albeit slightly lower than a year earlier.
The insolvency of Galeria illustrates how department stores see their expiry date approaching, although Belgium's Inno does hold up remarkably.
Yet another insolvency procedure at Galeria heralds the final phase of the evolution of mid-segment department store chains in Germany, international retail expert Erik Van Heuven warns.
German retail group Galeria Karstadt Kaufhof is preparing to sell its Belgian subsidiary Inno: the latter may come up for sale this week.