Hunter Douglas
{{Short description|Dutch multinational corporation}}
{{Infobox company
| name = Hunter Douglas N.V.
| logo = Hunter_Douglas_Logo.svg
| type = Public
| traded_as = {{EuronextAmsterdam|HDG|ANN4327C1220|XAMS}}
| foundation = {{start date and age|1919}}, in Düsseldorf, Germany
| location = Rotterdam, The Netherlands
| key_people = {{ubl|João Castro Neves {{smaller|(CEO)}}|David H. Sonnenberg {{smaller|(Executive Chairman)}}|Marko H. Sonnenberg {{smaller|(Senior Advisor)}}}}
| num_employees = 23,618
| parent = 3G Capital
| industry = Window coverings
| products =
| homepage = {{URL|hunterdouglasgroup.com/ }}
}}
Hunter Douglas N.V. is a Dutch multinational corporation. Its principal business is making window blinds and coverings.{{cite news|url=https://www.nytimes.com/1999/06/26/business/company-news-hunter-douglas-to-purchase-comfortex.html|title=Company News: Hunter Douglass to Purchase Comfortex|date=26 June 1999|work=The New York Times|page=3|accessdate=23 March 2013}}{{cite news
| last =Leib | first =Jeffrey | title =Hunter Douglas keeps secrets in shade: Broomfield window-covering firm expects $350 million in sales in '92 | newspaper =Denver Post | date =May 25, 1992 | url =http://nl.newsbank.com/nl-search/we/Archives?p_product=DP&p_theme=dp&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EB1DB3BD54B71E7&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM
| accessdate =March 21, 2013 }} The company is publicly listed.
The head office is in Rotterdam, the Netherlands, and a management office in Lucerne, Switzerland.
Structure
The current corporate structure, Hunter Douglas N.V., was formed in the Netherlands Antilles in 1971 as a result of a restructuring of the previous Canadian entity, Hunter Douglas Ltd.{{cite book|url=https://books.google.com/books?id=ThIcAQAAMAAJ&q=%22The+Hunter+Douglas+Group+had+its+origin+in+1919+when+Henry+Sonnenberg%22|title=Jane's Major Companies of Europe|last=Love|first=Johnathan|publisher=Sampson Low, Marston & Company|year=1977|isbn=9780531032640|location=London|pages=E–25}}{{cite news|url=https://books.google.com/books?id=Q9ISAQAAMAAJ&q=%22Nazism+expelled+him+to+Holland+and+from+there+to+England+where+he+purchased+the+Douglas+Machinery%22|title=Profile|publisher=CB Media|newspaper=Canadian Business|year=1972}} For tax reasons, investors could select either common or preferred shares through 1990. The company operates in more than 100 countries.{{Cite web |title=About Hunter Douglas |url=https://www.hunterdouglasgroup.com/company/about-us/ |access-date=June 12, 2022 |website=Hunter Douglas |archive-date=May 30, 2022 |archive-url=https://web.archive.org/web/20220530235635/https://www.hunterdouglasgroup.com/company/about-us/ |url-status=dead }}
In February 2022, former CEO Ralph Sonnenberg transferred a 75% interest to 3G Capital through a Block Trade, the Sonnenberg Family now owns 25% of Hunter Douglas Group.{{Cite web |date=February 25, 2022 |title=3G CAPITAL COMPLETES ACQUISITION OF CONTROLLING INTEREST IN HUNTER DOUGLAS |url=http://investor.hunterdouglasgroup.com/news-releases/news-release-details/3g-capital-completes-acquisition-controlling-interest-hunter |access-date=June 12, 2022 |website=Hunter Douglas IR}}
Acquisitions
In 2013, Hunter Douglas purchased a minority stake in 247 Home Furnishings Ltd (247), which they did not make known to the Competitions and Markets Authority (CMA). At a later date in 2016, Hunter Douglas purchased a majority share in Blinds2Go which is by far the largest UK retailer of made-to-measure blinds. Following that, Hunter Douglas made a second acquisition of Hillarys Blinds in 2017. At this point, Hunter Douglas already owned a significant share of the market before purchasing a majority stake of 51% for 247 in 2019. The initial purchase in 2013 had not been cleared with the CMA and the second purchase would have given Hunter Douglas 100% ownership of 247. As a result of concerns around competition in the market, Hunter Douglas was forced to sell their 51% purchase of shares from 2019. This sale was completed and approved by the CMA and went to Cristobal Consulting Ltd.{{cite web | url=https://www.gov.uk/cma-cases/hunter-douglas-n-v-247-home-furnishings-ltd-merger-inquiry | title=Hunter Douglas N.V. / 247 Home Furnishings Ltd merger inquiry | date=21 November 2019 | accessdate=13 January 2022}}{{ cite web | url=https://www.gov.uk/government/news/customers-could-lose-out-in-merger-between-window-blind-companies | title=Customers could lose out in merger between window blind companies| date=16 July 2020 | accessdate=13 January 2022}}{{cite web | url=https://www.gov.uk/government/news/final-decision-published-in-window-blind-merger-inquiry | title=Final decision published in window blind merger inquiry | date=14 September 2020 | accessdate=13 January 2022}}{{cite web | url=https://www.insidermedia.com/news/national/window-blind-deal-cleared-by-cma | title=Window Blind Deal Clared by CMA | date=4 August 2021 | accessdate=13 January 2022}}
In March 2022, Hunter Douglas completed the acquisition of 74% of Droma-Sunshade Experts, an exterior sunscreen assembler, with a fast-growing sales presence in Western Europe.{{Cite web |date=March 3, 2022 |title=HUNTER DOUGLAS COMPLETES ACQUISITION OF 74% OF DROMA-SUNSHADE EXPERTS |url=http://investor.hunterdouglasgroup.com/news-releases/news-release-details/hunter-douglas-completes-acquisition-74-droma-sunshade-experts |access-date=June 12, 2022 |website=Hunter Douglas IR |archive-date=May 26, 2022 |archive-url=https://web.archive.org/web/20220526102617/http://investor.hunterdouglasgroup.com/news-releases/news-release-details/hunter-douglas-completes-acquisition-74-droma-sunshade-experts |url-status=dead }}
In October 2023, Hunter Douglas fully acquired Select Blinds- a leading US e-commerce blinds retailer.http://investor.hunterdouglasgroup.com/news-releases/news-release-details/hunter-douglas-acquires-minority-select-blinds {{Webarchive|url=https://web.archive.org/web/20240314025020/http://investor.hunterdouglasgroup.com/news-releases/news-release-details/hunter-douglas-acquires-minority-select-blinds |date=2024-03-14 }} {{Bare URL inline|date=August 2024}}{{cite web | url=https://www.hunterdouglasgroup.com/worldwide-offices/select-blinds/ | title=Select Blinds }}
See also
References
{{Reflist}}
External links
- {{Official website|https://www.hunterdouglasgroup.com/}}
{{Authority control}}
Category:Manufacturing companies based in Rotterdam