C1000
Encyclopedia
C1000 is a Dutch
supermarket
chain. Founded in 1981, as of the end of 2011 the chain had 419 stores and employed 32,000 people. Its market share was 13.2% and growing.
The supermarket chain operates in a rather unique manner for a supermarket using the franchise
system. C1000 focus for growth is primarily on trying to be the cheapest supermarket.
C1000 often finds itself in competition with Albert Heijn
the largest Dutch supermarket chain. C1000's early marketing campaigns were largely about emphasising Albert Heijn's bad points. Until 2008, C1000's parent company Schuitema was owned by Royal Ahold for 73%, Albert-Heijn's parent company.
sold its shares to CVC
private capital. CVC
has now has all the shares and as of the 11 September 2009, Schuitema was no longer listed on the stockindex AEX
.
did a bid on Super de Boer
. The intention was that Schuitema was buying Super de Boer
from the French Groupe Casino
.
First Schuitema was getting revenge to buying it with an other supermarketgroup Sperwer, the home of the Dutch Plus formula. They almost did a bid, but on 5 October 2009 Schuitema make the transfer to no one else then Jumbo (supermarket)
. Sperwer get an alliance with Schuitema mother Ahold
. But the rivalising bid from Jumbo/Schuitema was better. The Groupe Casino
54% owner from Super de Boer
give green light to the bidders. Jumbo buys it for 553 million euro.
On 7 December 2009 the NMa
the competition regulator from the Netherlands. Was giving here green light.
On 8 December 2009 the shareholders from Super de Boer
were also giving here green light.
the transaction was closed on 18 December 2009.
announced that they want to sell the C1000-organisation. CVC
received biddings from several groups; Jumbo Supermarkten
, Sligro Food Group, Edeka
and Sperwer Group. CVC
wants to close deal before the end of 2011.
On november 23rd, 2011 it was announced that Jumbo will take over all C1000 stores. Because of this Jumbo becomes the second supermarket chain in the Netherlands. But this will not mean that the C1000 stores will dissappear, many of them will continue with the name.
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
supermarket
Supermarket
A supermarket, a form of grocery store, is a self-service store offering a wide variety of food and household merchandise, organized into departments...
chain. Founded in 1981, as of the end of 2011 the chain had 419 stores and employed 32,000 people. Its market share was 13.2% and growing.
The supermarket chain operates in a rather unique manner for a supermarket using the franchise
Franchising
Franchising is the practice of using another firm's successful business model. The word 'franchise' is of anglo-French derivation - from franc- meaning free, and is used both as a noun and as a verb....
system. C1000 focus for growth is primarily on trying to be the cheapest supermarket.
C1000 often finds itself in competition with Albert Heijn
Albert Heijn
Albert Heijn B.V. is a supermarket chain founded in 1887 in Oostzaan, Netherlands. It is named after Albert Heijn, Sr., the founder of the first store in Oostzaan....
the largest Dutch supermarket chain. C1000's early marketing campaigns were largely about emphasising Albert Heijn's bad points. Until 2008, C1000's parent company Schuitema was owned by Royal Ahold for 73%, Albert-Heijn's parent company.
CVC
In 2008 AholdAhold
Ahold is a major international supermarket operator based in Amsterdam, Netherlands. Ahold is listed on Euronext Amsterdam and the Frankfurt Stock Exchange.-History:...
sold its shares to CVC
CVC Capital Partners
CVC Capital Partners is one of the top five largest private equity firms globally with approximately US$46 billion in funds focused on management buyouts...
private capital. CVC
CVC Capital Partners
CVC Capital Partners is one of the top five largest private equity firms globally with approximately US$46 billion in funds focused on management buyouts...
has now has all the shares and as of the 11 September 2009, Schuitema was no longer listed on the stockindex AEX
AEX index
The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. Started in 1983, the index is composed of a maximum of 25 of the most actively traded securities on the exchange...
.
Buying Super De Boer
Not a week later on 18 September 2009, supermarketcompany Jumbo (supermarket)Jumbo (supermarket)
Jumbo is a supermarket chain in the Netherlands. It is part of the privately owned Van Eerd Group. Van Eerd was originally a grocery wholesale company, established in 1921. In 1983, Van Eerd started the "Jumbo Supermarkten" supermarket chain...
did a bid on Super de Boer
Super de Boer
Super de Boer N.V. is a Dutch retail company which operates a chain of supermarkets in the country. The holding company for Super de Boer was formerly named Laurus N.V., but changed its name to that of its only remaining retail brand in January 2008. There are currently 330 Super de Boer stores...
. The intention was that Schuitema was buying Super de Boer
Super de Boer
Super de Boer N.V. is a Dutch retail company which operates a chain of supermarkets in the country. The holding company for Super de Boer was formerly named Laurus N.V., but changed its name to that of its only remaining retail brand in January 2008. There are currently 330 Super de Boer stores...
from the French Groupe Casino
Groupe Casino
Groupe Casino is a large French multinational corporation, formerly part of the CAC 40 index, whose main business is with retail and distribution in hyper and supermarkets. The company's head office is in Saint-Étienne....
.
First Schuitema was getting revenge to buying it with an other supermarketgroup Sperwer, the home of the Dutch Plus formula. They almost did a bid, but on 5 October 2009 Schuitema make the transfer to no one else then Jumbo (supermarket)
Jumbo (supermarket)
Jumbo is a supermarket chain in the Netherlands. It is part of the privately owned Van Eerd Group. Van Eerd was originally a grocery wholesale company, established in 1921. In 1983, Van Eerd started the "Jumbo Supermarkten" supermarket chain...
. Sperwer get an alliance with Schuitema mother Ahold
Ahold
Ahold is a major international supermarket operator based in Amsterdam, Netherlands. Ahold is listed on Euronext Amsterdam and the Frankfurt Stock Exchange.-History:...
. But the rivalising bid from Jumbo/Schuitema was better. The Groupe Casino
Groupe Casino
Groupe Casino is a large French multinational corporation, formerly part of the CAC 40 index, whose main business is with retail and distribution in hyper and supermarkets. The company's head office is in Saint-Étienne....
54% owner from Super de Boer
Super de Boer
Super de Boer N.V. is a Dutch retail company which operates a chain of supermarkets in the country. The holding company for Super de Boer was formerly named Laurus N.V., but changed its name to that of its only remaining retail brand in January 2008. There are currently 330 Super de Boer stores...
give green light to the bidders. Jumbo buys it for 553 million euro.
On 7 December 2009 the NMa
NMA
NMA may refer to:*National Management Association*National Mapping Agency*National Meat Association*National Medical Association*National Memorial Arboretum*National Mining Association*National Motorists Association*National Movie Awards...
the competition regulator from the Netherlands. Was giving here green light.
On 8 December 2009 the shareholders from Super de Boer
Super de Boer
Super de Boer N.V. is a Dutch retail company which operates a chain of supermarkets in the country. The holding company for Super de Boer was formerly named Laurus N.V., but changed its name to that of its only remaining retail brand in January 2008. There are currently 330 Super de Boer stores...
were also giving here green light.
the transaction was closed on 18 December 2009.
The Deal
- In the deal that Jumbo and Schuitema were to close, Schuitema was to take over 80 locations from Jumbo.
- Jumbo and Schuitema were going to have a new purchasing organisation under the name BijEen, (The Dutch word for Together).
Take Over by Jumbo
In september 2011 CVCCVC Capital Partners
CVC Capital Partners is one of the top five largest private equity firms globally with approximately US$46 billion in funds focused on management buyouts...
announced that they want to sell the C1000-organisation. CVC
CVC Capital Partners
CVC Capital Partners is one of the top five largest private equity firms globally with approximately US$46 billion in funds focused on management buyouts...
received biddings from several groups; Jumbo Supermarkten
Jumbo (supermarket)
Jumbo is a supermarket chain in the Netherlands. It is part of the privately owned Van Eerd Group. Van Eerd was originally a grocery wholesale company, established in 1921. In 1983, Van Eerd started the "Jumbo Supermarkten" supermarket chain...
, Sligro Food Group, Edeka
EDEKA
The Edeka Group is the largest German supermarket corporation, currently holding a market share of 26%. Founded in 1898, it consists today of several cooperatives of independent supermarkets all operating under the umbrella organisation Edeka Zentrale AG & Co KG, with headquarters in Hamburg...
and Sperwer Group. CVC
CVC Capital Partners
CVC Capital Partners is one of the top five largest private equity firms globally with approximately US$46 billion in funds focused on management buyouts...
wants to close deal before the end of 2011.
On november 23rd, 2011 it was announced that Jumbo will take over all C1000 stores. Because of this Jumbo becomes the second supermarket chain in the Netherlands. But this will not mean that the C1000 stores will dissappear, many of them will continue with the name.
External links
- C1000.nl (in Dutch)
- Schuitema.nl (in Dutch)