HEMA acquired by RAMPHASTOS INVESTMENTS

HEMA is a Dutch retail chain founded in 1926 and headquartered in Amsterdam, Netherlands. The company operates more than 700 stores across nine countries, primarily in the Netherlands, Belgium, Germany, France, Spain, the United Kingdom, Luxembourg, Austria, and the United Arab Emirates. HEMA sells over 30,000 own-brand products across categories including clothing (especially children's and babywear), home goods, stationery, food, cosmetics, gardening tools, and household items at accessible price points designed for impulse purchases. Products range from mugs and breakfast bowls to jeans, socks, bath products, and seasonal decorations, all manufactured under HEMA's private label primarily in Asia and Eastern Europe. The chain generates roughly three-quarters of its revenues in the Netherlands despite international expansion. HEMA's business model emphasizes own-brand sourcing for competitive pricing and broad appeal. Revenue derives from store sales, with growth through new openings and e-commerce.