New Store Europe AS Bundle
Who Owns New Store Europe AS?
Understanding the ownership structure of a company like New Store Europe AS is crucial for discerning its strategic direction, operational accountability, and overall market influence. A pivotal event in the company's trajectory, its acquisition by ITAB Shop Concept, significantly reshaped its ownership landscape. New Store Europe AS, originally founded in 2007 through the merger of Gron-Hansen Butikkinnredninger AS from Norway and Samuelsons Inredningar AB from Sweden, aimed to become a comprehensive provider of retail interior solutions, capable of handling projects from design to installation.
The company operates globally, providing services in over 30 countries across Europe, the Middle East, Africa, and the U.S.. With the global shopfitting material market estimated at $147.28 billion in 2024 and projected to reach $157.16 billion in 2025, New Store Europe AS operates within a significant and growing industry.
Tracing the ownership of New Store Europe AS reveals a dynamic journey, starting from its inception as a merger of established entities. Initially, the founders and early investors held significant stakes, shaping the company's early growth and market penetration. As the business expanded, strategic partnerships and potential investments from venture capital or private equity firms could have altered the shareholder base. However, the most definitive shift in New Store Europe AS ownership occurred with its acquisition by ITAB Shop Concept. This acquisition means that ITAB Shop Concept is now the ultimate parent company, holding the controlling interest in New Store Europe AS. Understanding the New Store Europe AS BCG Matrix can provide further insight into its market position and strategic importance within the larger ITAB group.
Who Founded New Store Europe AS?
New Store Europe AS was officially established in 2007, a significant year marking the formal consolidation of two established entities: Gron-Hansen Butikkinnredninger AS from Norway and Samuelsons Inredningar AB from Sweden. This strategic merger was the culmination of an 11-year collaborative relationship under the banner of Samuelsons Group, a period that fostered a strong foundation for their eventual integration.
The driving force behind this merger was the escalating demand for professional store design and the ambition to create a unified, comprehensive provider of retail interior solutions. While the precise equity splits and exact shareholdings of the founders at the company's inception are not publicly disclosed, the nature of the merger implies a blending of the pre-existing ownership structures of both Gron-Hansen and Samuelsons.
Early financial backing was provided by Herkules Capital, an investment that underscores the presence of private equity or venture capital involvement during the company's nascent growth phase. The core vision that guided the formation of New Store Europe AS was the provision of end-to-end retail solutions, encompassing everything from initial design concepts through to final installation, a philosophy that was embedded in the integrated business model adopted post-merger.
Founding Year
New Store Europe AS was established in 2007.
Predecessor Collaboration
The company's roots trace back to an 11-year collaboration between Gron-Hansen Butikkinnredninger AS and Samuelsons Inredningar AB.
Merger Rationale
The merger was driven by increasing demand for professional store designs and the goal of creating a complete retail interior solutions provider.
Early Investor
Herkules Capital was an early investor in New Store Europe AS, indicating initial private equity involvement.
Founding Vision
The company's founding vision focused on offering end-to-end retail solutions, from design to installation.
Ownership Details
Specific details on initial equity splits and founder shareholdings are not publicly available.
Understanding the ownership of New Store Europe AS involves looking at its foundational structure, which was built upon the merger of two established Scandinavian companies. The strategic combination aimed to leverage existing expertise and market presence to meet the growing needs of the retail sector for comprehensive interior solutions. This approach to growth and market positioning is a common strategy for companies seeking to enhance their service offerings and competitive edge, as also observed in the Competitors Landscape of New Store Europe AS.
Key Aspects of Early Ownership
The initial ownership of New Store Europe AS was shaped by the merger of Gron-Hansen Butikkinnredninger AS and Samuelsons Inredningar AB, with early support from Herkules Capital.
- Merger of Norwegian and Swedish shopfitting companies.
- Pre-existing 11-year collaboration under Samuelsons Group.
- Goal to provide comprehensive retail interior solutions.
- Early investment from Herkules Capital.
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How Has New Store Europe AS’s Ownership Changed Over Time?
The ownership journey of New Store Europe AS is marked by significant shifts, beginning with a merger-based foundation. A key early development was a management buyout, or LBO, involving Shopex (Netherlands) on November 28, 2011. This period saw substantial growth; by 2013, the company reported a turnover of €200 million and employed 700 individuals across 11 European countries, indicating a strong operational footprint and market presence.
The most impactful change in who owns New Store Europe AS occurred with its acquisition by ITAB Shop Concept. This acquisition represented a departure from its previous ownership structure, which had included investment from Herkules Capital. Unfortunately, New Store Europe AS, along with its UK subsidiary, faced considerable trading difficulties throughout Europe. These challenges ultimately led to the parent company, New Store Europe AS, entering insolvency proceedings in Norway. Consequently, New Store Europe AS was dissolved due to these insolvency issues. This trajectory, from strategic investment and growth to acquisition and subsequent dissolution, highlights a complex ownership evolution influenced by market dynamics and operational hurdles.
| Event | Date | Involved Parties |
|---|---|---|
| Management Buyout (LBO) | November 28, 2011 | Shopex (Netherlands) |
| Acquisition | Undisclosed | ITAB Shop Concept |
| Insolvency Proceedings & Dissolution | Undisclosed | New Store Europe AS (Norway) |
The New Store Europe AS company structure evolved significantly over its operational history. Initially formed through a merger, its ownership saw a pivotal buyout in 2011. Later, the company was acquired by ITAB Shop Concept, a move that altered its stakeholder landscape. The ultimate fate of New Store Europe AS, including its dissolution due to insolvency, underscores the volatile nature of market conditions and their impact on business ownership and survival.
Understanding New Store Europe AS Ownership
Identifying the owners of New Store Europe AS involves tracing its corporate history. Key stakeholders included investors like Herkules Capital before its acquisition.
- Initial ownership structure based on mergers.
- Management buyout involving Shopex in 2011.
- Acquisition by ITAB Shop Concept.
- Insolvency and dissolution of the parent company.
- The company registry information would detail the final legal status.
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Who Sits on New Store Europe AS’s Board?
As New Store Europe AS has entered insolvency proceedings and subsequently been dissolved, there is no active Board of Directors or current voting power structure to report for the 2024-2025 period. The company's operational governance has ceased.
In a typical, solvent company, the Board of Directors plays a crucial role in strategic decision-making and oversight. The composition of such a board often reflects the interests of major shareholders, founders, and includes independent members to ensure balanced governance. Voting power, usually determined by share ownership, dictates the influence each stakeholder has on company matters. However, with New Store Europe AS in dissolution, these governance mechanisms are no longer in effect as the company's assets are liquidated to settle its debts under insolvency law.
| Board Member Role | Typical Responsibilities | Voting Power Influence |
| Major Shareholder Representatives | Representing significant ownership interests, guiding strategic direction. | Proportional to shareholding, often substantial. |
| Founders | Providing historical context and long-term vision. | Varies based on retained ownership stake. |
| Independent Directors | Offering objective perspectives and ensuring compliance. | Typically one vote per director, independent of shareholding. |
Understanding the New Store Europe AS ownership structure and its stakeholders would have been key to comprehending its governance. In a functioning entity, identifying the ultimate beneficial owner and major investors would provide clarity on who wields significant voting power. The company ownership history and any reports on New Store Europe AS company ownership and financial reports would offer further insights into its stakeholder landscape.
Governance in Dissolution
During insolvency and dissolution, the focus shifts from strategic governance to asset realization and debt settlement. The traditional roles of a board and shareholder voting power are superseded by the legal framework of insolvency proceedings.
- Insolvency proceedings halt normal business operations.
- Asset liquidation is managed by appointed insolvency practitioners.
- Creditors' rights take precedence over shareholder interests.
- The company's legal existence is terminated upon dissolution.
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What Recent Changes Have Shaped New Store Europe AS’s Ownership Landscape?
The ownership landscape of New Store Europe AS has undergone a definitive and terminal shift. The company has entered insolvency proceedings in Norway, leading to its dissolution. This action signifies a complete cessation of operations and, consequently, the end of its existence as an independent entity. The difficulties faced by the company were widespread, impacting its operations across Europe.
A significant preceding event was the administration of its UK subsidiary, New Store Europe UK Limited, in October 2014. This administration resulted in 231 redundancies, primarily due to severe funding pressures and an inability to secure necessary alternative funds from its parent company. This chain of events clearly indicates that the New Store Europe AS entity no longer operates and its ownership structure is now irrelevant in terms of active business operations.
| Event | Date | Impact |
|---|---|---|
| Entry into Insolvency Proceedings (Norway) | Recent | Dissolution of New Store Europe AS |
| Entry into Administration (UK Subsidiary) | October 2014 | 231 redundancies, cessation of UK operations |
| Acquisition by ITAB Shop Concept | Prior to insolvency | Significant ownership change, trend towards industry consolidation |
While New Store Europe AS itself is no longer operational, the broader retail industry, particularly the shopfitting material market, continues to show growth. This market was valued at $147.14 billion in 2024 and is projected to reach $157.16 billion in 2025, with an anticipated compound annual growth rate of 4.87% from 2025 to 2032. This industry expansion contrasts sharply with the specific financial challenges that led to New Store Europe AS's demise, illustrating that even within a growing sector, individual companies can face insurmountable difficulties.
Insolvency and Dissolution
New Store Europe AS has entered insolvency proceedings in Norway, leading to its dissolution. This marks the definitive end of the company's operations and its ownership structure as an active business.
Subsidiary Administration
The UK subsidiary, New Store Europe UK Limited, entered administration in October 2014. This led to 231 redundancies and highlighted severe funding pressures within the group.
Industry Context
The shopfitting material market is experiencing growth, valued at $147.14 billion in 2024 and projected to reach $157.16 billion in 2025. This growth occurred despite the company's specific operational failures.
Ownership Changes
Prior to its insolvency, the company underwent an acquisition by ITAB Shop Concept. This acquisition was a significant ownership change and reflects a broader trend of consolidation within the retail sector, as detailed in the Target Market of New Store Europe AS.
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