Hunter Douglas

Hunter Douglas N.V. is a Dutch multinational corporation. Its principal business is making window blinds and coverings.[1][2] The company is publicly listed; the CEO, Ralph Sonnenberg, owns more than 80% of the stock.

Hunter Douglas N.V.
TypePublic
Euronext: HDG
IndustryWindow coverings
FoundedDüsseldorf, Germany (1919)
HeadquartersRotterdam, The Netherlands
Key people
Ralph Sonnenberg, Chairman & CEO
David H. Sonnenberg, Co-President & COO
Marko H. Sonnenberg, Co-President & COO
Number of employees
23,618
Websitehunterdouglasgroup.com

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.[3][4] For tax reasons, investors could select either common or preferred shares through 1990. The company operated in 75 countries at that time.[5]

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[6][7][8][9]

References
  1. "Company News: Hunter Douglass to Purchase Comfortex". The New York Times. 26 June 1999. p. 3. Retrieved 23 March 2013.
  2. Leib, Jeffrey (May 25, 1992). "Hunter Douglas keeps secrets in shade: Broomfield window-covering firm expects $350 million in sales in '92". Denver Post. Retrieved March 21, 2013.
  3. Love, Johnathan (1977). Jane's Major Companies of Europe. London: Sampson Low, Marston & Company. pp. E–25. ISBN 9780531032640.
  4. "Profile". Canadian Business. CB Media. 1972.
  5. "Hunter Douglas to restructure". Montreal Gazette. Montreal. Retrieved March 21, 2013.
  6. "Hunter Douglas N.V. / 247 Home Furnishings Ltd merger inquiry". 21 November 2019. Retrieved 13 January 2022.
  7. "Customers could lose out in merger between window blind companies". 16 July 2020. Retrieved 13 January 2022.
  8. "Final decision published in window blind merger inquiry". 14 September 2020. Retrieved 13 January 2022.
  9. "Window Blind Deal Clared by CMA". 4 August 2021. Retrieved 13 January 2022.
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