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Revision as of 19:22, 10 May 2023 edit Johannes Maximilian (talk \| contribs) Autopatrolled, Extended confirmed users, New page reviewers 10,798 edits m →Management and business practices: ce ← Previous edit		Latest revision as of 03:36, 23 December 2024 edit undo LR.127 (talk \| contribs) Extended confirmed users, Pending changes reviewers, Rollbackers 16,306 edits Adding short description: "Swiss financial and real estate company" Tag: Shortdesc helper
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Line 1: {{Short description\|Swiss financial and real estate company}} {{Infobox company \| name = ~~COFRA~~Cofra ~~Group~~Holding AG \| logo = \| image = COFRA Holding Zug.png \| type = [[Privately held company\|Private]] ([[Aktiengesellschaft\|AG]]) \| foundation = {{Start date and age\|2001}} \| location = [[Zug]], [[Switzerland]] Line 9 ⟶ 10: \| num_employees = 51,000+ (2019) \| revenue = \| industry = {{ubl\|[[Financial services]]\|[[Private equity]]\|[[Real estate]]\|[[~~Retailing~~Retail]]ing}} \| owner = [[Brenninkmeijer family]] ~~\| products =~~ \| homepage = {{URL\|~~http://www.~~cofraholding.com}} }} '''~~COFRA~~Cofra ~~Group~~Holding AG''' ~~(full name COFRA Holding AG)~~ is a [[privately held company]] established in 2001 in [[Zug]], [[Switzerland]], to coordinate the global businesses of the [[Brenninkmeijer family]]. It is active in the fields of [[retail]]ing, [[real estate]], [[asset management]], [[private equity]] and [[renewable energy]]. ~~COFRA~~Cofra is owned and managed by members of the Brenninkmeijer family.<ref name=":3" /> Its chairman is Martijn Brenninkmeijer, and the CEO is Boudewijn Beerkens.<ref>{{Cite web\|url=https://fashionunited.nl/nieuws/mensen/~~cofra~~Cofra-holding-moederbedrijf-van-modeketen-c-a-krijgt-nieuwe-ceo/2019012541193\|title=Cofra Holding, moederbedrijf van modeketen C&A, krijgt nieuwe CEO\|last=Stormezand\|first=Marjolein\|date=2019-01-25\|website=fashionunited.nl\|language=nl-nl\|access-date=2019-11-29}}</ref> == Group structure == Cofra has various subsidiaries, including [[C&A]], Redevco, Bregal Investments, and Anthos Fund & Asset Management. === C&A === [[C&A]], the fashion retail company, is the oldest business in the group. It was founded in 1841, when brothers Clemens and August Brenninkmeijer opened the first C&A store in [[Sneek]], the [[Netherlands]].<ref>{{Cite book\|title=C&A: A Family Business in Germany, the Netherlands and the United Kingdom 1911–1961\|last=Spoerer\|first=Mark\|publisher=C. H. Beck\|year=2016\|isbn=978-3406698262\|pages=16}}</ref> As of 2019, C&A had around 1,900 stores and employed over 50,000 people in 21 countries - mostly in Europe, but also in Brazil (since 1976), Mexico (since 1999) and China (since 2007).<ref>{{Cite web\|url=https://www.rtlz.nl/beurs/artikel/4900491/brenninkmeijer-beursgang-ca-brazilie-365-miljoen\|title=Brenninkmeijers halen 365 miljoen op met beursgang in Brazilië\|date=2019-10-28\|website=RTLZ\|language=nl\|access-date=2019-11-29}}</ref><ref>{{Cite web\|url=https://www.c-and-a.com/nl/nl/corporate/company/over-ca/winkels/locaties/\|title=Locations\|website=www.c-and-a.com\|access-date=2020-01-23}}</ref> In 2019, C&A Modas became a listed company in Brazil, trading on the BE Stock Exchange under the ticker CEAB3.<ref>{{Cite news\|date=2019-10-24\|title=Dutch fashion retailer C&A, shareholders to raise about $445 million in Brazil IPO: sources\|language=en\|work=Reuters\|url=https://www.reuters.com/article/us-c-a-modas-ipo-brazil-idUSKBN1X32TT\|access-date=2020-05-20}}</ref> In March 2019, COFRA appointed Edward Brenninkmeijer, CEO of C&A Brazil, Mexico and China, CEO of its C&A European retail business.<ref>{{Cite web\|url=https://fashionunited.uk/news/people/c-a-europe-s-ceo-alain-caparros-steps-down-for-health-reasons/2019032142300\|title=C&A Europe's CEO Alain Caparros steps down for health reasons\|last=Singh\|first=Prachi\|date=2019-03-21\|website=fashionunited.uk\|language=en-gb\|access-date=2020-01-23}}</ref>▼ ~~{{Main article\|C&A}}~~ ▲[[C&A]], the fashion retail company, is the oldest business in the group. It was founded in 1841, when brothers Clemens and August Brenninkmeijer opened the first C&A store in [[Sneek]], the [[Netherlands]].<ref>{{Cite book\|title=C&A: A Family Business in Germany, the Netherlands and the United Kingdom 1911–1961\|last=Spoerer\|first=Mark\|publisher=C. H. Beck\|year=2016\|isbn=978-3406698262\|pages=16}}</ref> As of 2019, C&A had around 1,900 stores and employed over 50,000 people in 21 countries - mostly in Europe, but also in Brazil (since 1976), Mexico (since 1999) and China (since 2007).<ref>{{Cite web\|url=https://www.rtlz.nl/beurs/artikel/4900491/brenninkmeijer-beursgang-ca-brazilie-365-miljoen\|title=Brenninkmeijers halen 365 miljoen op met beursgang in Brazilië\|date=2019-10-28\|website=RTLZ\|language=nl\|access-date=2019-11-29}}</ref><ref>{{Cite web\|url=https://www.c-and-a.com/nl/nl/corporate/company/over-ca/winkels/locaties/\|title=Locations\|website=www.c-and-a.com\|access-date=2020-01-23}}</ref> In 2019, C&A Modas became a listed company in Brazil, trading on the BE Stock Exchange under the ticker CEAB3.<ref>{{Cite news\|date=2019-10-24\|title=Dutch fashion retailer C&A, shareholders to raise about $445 million in Brazil IPO: sources\|language=en\|work=Reuters\|url=https://www.reuters.com/article/us-c-a-modas-ipo-brazil-idUSKBN1X32TT\|access-date=2020-05-20}}</ref> In March 2019, COFRA appointed Edward Brenninkmeijer, CEO of C&A Brazil, Mexico and China, CEO of its C&A European retail business.<ref>{{Cite web\|url=https://fashionunited.uk/news/people/c-a-europe-s-ceo-alain-caparros-steps-down-for-health-reasons/2019032142300\|title=C&A Europe's CEO Alain Caparros steps down for health reasons\|last=Singh\|first=Prachi\|date=2019-03-21\|website=fashionunited.uk\|language=en-gb\|access-date=2020-01-23}}</ref> === Redevco === Redevco, a European commercial retail and residential real estate business, was founded in 1999 and is based in [[Amsterdam]], the Netherlands. Redevco currently manages more than 300 properties. Its [[assets under management]] total EUR 7.5 billion.<ref>{{Cite web\|url=https://www.redevco.com/about/\|title=About us\|language=en-GB\|access-date=2020-01-23}}</ref> Redevco's CEO is Andrew Vaughan, who was appointed to the position in November 2011.<ref>{{Cite web\|url=https://vastgoedjournaal.nl/news/5948/jaap-blokhuis-treedt-terug-bij-redevco\|title=Jaap Blokhuis treedt terug bij Redevco\|website=Vastgoedjournaal.nl\|language=nl\|access-date=2019-11-29}}</ref> === Bregal Investments === Bregal Investments is a platform of private equity and fund investment vehicles, founded in 2002.<ref>{{Cite web\|url=https://www.bloomberg.com/press-releases/2019-04-11/bregal-partners-announces-closing-of-its-second-fund-with-650-million-of-commitments\|title=Bregal Partners Announces Closing of its Second Fund with $650 million of Commitments\|date=11 April 2019\|website=www.bloomberg.com\|access-date=2019-11-29}}</ref> Since inception, Bregal has invested more than EUR 13 billion.<ref>{{Cite web\|url=https://www.bloomberg.com/news/articles/2012-06-07/good-energies-changes-name-as-focus-shifts-to-traditional-energy\|title=Good Energies Changes Name as Focus Shifts to Traditional Energy\|last=Herndon\|first=Andrew\|date=7 June 2012\|website=www.bloomberg.com\|access-date=2019-11-29}}</ref> Quentin Van Doosselaere and Steven Black are joint CEOs.<ref>{{Cite web\|url=https://www.privateequityinternational.com/bregal-finds-new-leadership-with-co-ceos/\|title=Bregal finds new leadership with co-CEOs\|last=Winfrey\|first=Graham\|date=2013-01-17\|website=Private Equity International\|language=en-GB\|access-date=2020-01-23}}</ref>▼ ▲Bregal Investments is a platform of private equity and fund investment vehicles, founded in 2002.<ref>{{Cite web\|url=https://www.bloomberg.com/press-releases/2019-04-11/bregal-partners-announces-closing-of-its-second-fund-with-650-million-of-commitments\|title=Bregal Partners Announces Closing of its Second Fund with $650 million of Commitments\|date=11 April 2019\|website=www.bloomberg.com\|access-date=2019-11-29}}</ref> Since inception, Bregal has invested more than EUR 13 billion.<ref>{{Cite web\|url=https://www.bloomberg.com/news/articles/2012-06-07/good-energies-changes-name-as-focus-shifts-to-traditional-energy\|title=Good Energies Changes Name as Focus Shifts to Traditional Energy\|last=Herndon\|first=Andrew\|date=7 June 2012\|website=www.bloomberg.com\|access-date=2019-11-29}}</ref> Quentin Van Doosselaere and Steven Black are joint CEOs.<ref>{{Cite web\|url=https://www.privateequityinternational.com/bregal-finds-new-leadership-with-co-ceos/\|title=Bregal finds new leadership with co-CEOs\|last=Winfrey\|first=Graham\|date=2013-01-17\|website=Private Equity International\|language=en-GB\|access-date=2020-01-23}}</ref> === Anthos Fund & Asset Management (AFAM) === Anthos Fund & Asset Management (AFAM) was founded in 1929. It provides asset management services to the Brenninkmeijer family, their philanthropic foundations and the pension funds of various ~~COFRA~~Cofra entities.<ref name=":0">{{Cite web\|title=Enterprise\|url=https://www.~~cofraholding~~Cofraholding.com/en/enterprise/\|access-date=2019-11-29\|website=www.~~cofraholding~~Cofraholding.com}}</ref> AFAM's CEO is Jacco Maters, who was appointed in September 2018.<ref>{{Cite news\|title=Jacco Maters nieuwe ceo Anthos Fund\|date=14 September 2018\|work=Het Financieele Dagblad}}</ref>▼ ▲Anthos Fund & Asset Management (AFAM) was founded in 1929. It provides asset management services to the Brenninkmeijer family, their philanthropic foundations and the pension funds of various COFRA entities.<ref name=":0">{{Cite web\|title=Enterprise\|url=https://www.cofraholding.com/en/enterprise/\|access-date=2019-11-29\|website=www.cofraholding.com}}</ref> AFAM's CEO is Jacco Maters, who was appointed in September 2018.<ref>{{Cite news\|title=Jacco Maters nieuwe ceo Anthos Fund\|date=14 September 2018\|work=Het Financieele Dagblad}}</ref> === Sustainable food === In November 2021, ~~COFRA~~Cofra announced an investment in Scotland-based vertical farmer ''Intelligent Growth Solutions'' as part of its [[Venture round\|Series B]] Funding round, which also included Cleveland Avenue LLC (Chicago) and DC ~~Thompson~~Thomson (Dundee, Scotland) as investors.<ref name="Walker 2021">{{cite web \| last=Walker \| first=Peter A \| title=IGS confirms £42 million fundraise at COP26 \| website=businessInsider \| date=2021-11-05 \| url=https://www.insider.co.uk/news/igs-confirms-42-million-fundraise-25384400 \| access-date=2023-05-10}}</ref>▼ In January 2022, ~~COFRA~~Cofra took over the Dutch greenhouse manufacturer Dalsem.<ref>{{Cite web \|title=Familie Brenninkmeijer: C&A-Eigentümerfamilie investiert in Hightech-Gewächshäuser \|url=https://www.handelsblatt.com/unternehmen/mittelstand/familienunternehmer/familie-brenninkmeijer-cunda-eigentuemerfamilie-investiert-in-hightech-gewaechshaeuser/27966904.html \|access-date=2022-07-27 \|website=www.handelsblatt.com \|language=de}}</ref> In April 2022, ~~COFRA~~Cofra Holding announced the acquisition of Ontario Plants Propagation.<ref name="FD.nl 2022">{{cite web \| title=C&A-familie Brenninkmeijer neemt innovatieve kweker in Canada over \| website=FD.nl \| date=2022-04-26 \| url=https://fd.nl/bedrijfsleven/1437460/c-a-familie-brenninkmeijer-neemt-innovatieve-kweker-in-canada-over \| language=nl \| access-date=2023-05-10}}</ref>▼ ▲In November 2021, COFRA announced an investment in Scotland-based vertical farmer ''Intelligent Growth Solutions'' as part of its Series B Funding round, which also included Cleveland Avenue LLC (Chicago) and DC Thompson (Dundee, Scotland) as investors.<ref name="Walker 2021">{{cite web \| last=Walker \| first=Peter A \| title=IGS confirms £42 million fundraise at COP26 \| website=businessInsider \| date=2021-11-05 \| url=https://www.insider.co.uk/news/igs-confirms-42-million-fundraise-25384400 \| access-date=2023-05-10}}</ref> ▲In January 2022, COFRA took over the Dutch greenhouse manufacturer Dalsem.<ref>{{Cite web \|title=Familie Brenninkmeijer: C&A-Eigentümerfamilie investiert in Hightech-Gewächshäuser \|url=https://www.handelsblatt.com/unternehmen/mittelstand/familienunternehmer/familie-brenninkmeijer-cunda-eigentuemerfamilie-investiert-in-hightech-gewaechshaeuser/27966904.html \|access-date=2022-07-27 \|website=www.handelsblatt.com \|language=de}}</ref> In April 2022, COFRA Holding announced the acquisition of Ontario Plants Propagation.<ref name="FD.nl 2022">{{cite web \| title=C&A-familie Brenninkmeijer neemt innovatieve kweker in Canada over \| website=FD.nl \| date=2022-04-26 \| url=https://fd.nl/bedrijfsleven/1437460/c-a-familie-brenninkmeijer-neemt-innovatieve-kweker-in-canada-over \| language=nl \| access-date=2023-05-10}}</ref> == Management and business practices == ~~COFRA~~Cofra is a privately held company owned by a group of around 60 descendants of Clemens and August Brenninkmeijer. The group is also known as the “Sneekerkring”, a reference to the town of Sneek, where C&A was founded.<ref name=":1">{{Cite web\|url=https://fd.nl/profiel/1236660/ruim-1000-brenninkmeijers-maar-nog-geen-60-bezitten-het-familiebedrijf\|title=Ruim 1000 Brenninkmeijers, maar nog geen 60 bezitten C&A\|website=FD.nl\|access-date=2019-12-10}}</ref> Within the group of family owners, key decisions are taken on the basis of consensus rather than voting.<ref name=":3">{{Cite web\|url=https://www.nrc.nl/nieuws/2017/05/05/praten-over-onszelf-is-niet-iets-wat-we-graag-doen-a1557390\|title=Praten over onszelf is niet iets wat we graag doen\|website=NRC\|language=nl\|access-date=2019-12-10}}</ref> Martijn Brenninkmeijer is the chairman of ~~COFRA~~Cofra's executive board.<ref>{{Cite web\|url=https://www.handelszeitung.ch/sesselwechsel/~~cofra~~Cofra-holding-appoints-boudewijn-beerkens-ceo\|title=Cofra Holding Appoints Boudewijn Beerkens as CEO\|website=Handelszeitung\|language=en\|access-date=2019-12-10}}</ref> In a 2016 [[Die Zeit]] interview with Maurice Brenninkmeijer, Götz Hamann and Uew Jean Heuser wrote that company shares cannot be inherited; they can only be obtained by family members who serve as Cofra executives.<ref name=":2">{{Cite news\|url=https://www.zeit.de/2016/30/c-und-a-eigentuemer-maurice-brenninkmeijer-familie\|title=Maurice Brenninkmeijer: "Wir sind mehr als tausend"\|last1=Hamann\|first1=Götz\|date=2016-07-14\|work=Die Zeit\|access-date=2019-12-11\|last2=Heuser\|first2=Uwe Jean\|language=de-DE\|issn=0044-2070}}</ref> ==References== Line 50 ⟶ 43: ==External links== *~~[http://www.~~{{Official\|cofraholding.com ~~COFRA Holding Site]~~}} [[Category:Clothing retailers of Switzerland]]