Mirage Retail Group Explained

Mirage Retail Group
Founder:Jacob Blokker
Owner:Michiel Witteveen
Subsid:BlokkerIntertoys, Bart Smit, Big Bazar, Intertoys, Leen Bakker, Marskramer, Xenos, BCC, Maxi Toys, Toys XL, Intertoys Xl, Miniso, elktroblok, Gamestore e-plaza
Website:www.blokkerholding.nl

Mirage Retail Group (formerly Blokker Holding) is a Dutch company that owns several chains of stores.[1]

Blokker Holding is active in twelve countries and in 2010 all the chains combined had 2825 stores. In 2015 the company had a revenue of 2.1 billion euro, of which 98 million euros from online retail.[2] Most store chains have both stores they own and stores that are franchised to other investors.

In 2017, Intertoys was sold to private equity firm Alteri Investors for an undisclosed sum. Blokker Holding also stated that it would sell Xenos and Leen Bakker.[3] On 22 January 2019, Blokker Holding sold Maxi Toys to Green Swan, a Portuguese investment firm.[4] On 21 February 2019, Intertoys was declared bankrupt after being unable to restructure after a suspension of payments.[5] On 8 March 2019, Intertoys was sold to Green Swan, although Blokker would later acquire Maxi Toys and Intertoys from the company just months later.[6] [7]

Blokker Holding has not entered the stock exchange.[1] In 2019, the Blokker Family sold the holding company to Michiel Witteveen. Witteveen became the CEO and sold less profitable chains. In July 2019, Blokker Holding would be rebranded to Mirage Retail Group to avoid confusion between the holding company and the store chain.[8]

Blokker stores in Belgium and Luxembourg were sold to Dutch Retail Group and were subsequently rebranded to Mega World.[9] Maxi Toys was sold to King Jouet in August 2020 after the chain was facing bankruptcy.[10] On 29 September 2020, the company acquired BCC from Fnac Darty.[11] By December 2020, Mega World was declared bankrupt and announced that they would close all of their stores by 2021. The company claimed it was insolvent due to it being "over-indebted."[12]

In September 2021, the company announced plans for an IPO by 2022.[13] These plans were postponed by December 2021 due to the COVID-19 pandemic.[14] By March 2023, Mirage Retail Group had scrapped its plans for an IPO.[15]

On 22 September 2023, BCC was declared bankrupt just weeks after Mirage Retail Group stated that they were planning to sell the company.[16] On 26 September 2023, just days after BCC was declared bankrupt, Big Bazar was also declared bankrupt, blaming substantial losses and a failed rescue attempt as a result of the decision. The company had also failed to pay employees during all of September 2023.[17]

On 28 October 2024, Intertoys was once again sold, this time to ToyChamp.[18] On 14 November 2024, Blokker was declared bankrupt, blaming years of losses as a result of the decision. Administrators planned to sell existing stock and assets of the company as well as selling a portion of the company. The company announced the closure of nearly all of its locations, with less than 50 stores remaining open by the beginning of 2025.[19] On 9 December 2024, Mirage Retail Group was also declared bankrupt.[20] In February 2025, Mirage Retail Group put Miniso Netherlands up for sale.[21]

In May 2025, Blokker announced they would reopen 30 to 40 previously closed locations after they were acquired by businessman Roland Palmer in January.[22]

Companies

The following companies are part of Blokker Holding:

Store chainFoundedBranchesIn the GroupCountriesSegmentNotes
Big Bazar2007161Sinds 2007Netherlands, BelgiumsHomewareDiscount formula
Blokker1896413Netherlands, SurinameHomeware, garden needs, multimedia, toysCore of the Mirage Retail Group; More than 20% of the branches are franchise. Founded on 25 April 1896 in Hoorn by Jacob (the grandfather of Jaap Blokker) and Saapke Blokker. Stores in Belgium and Luxemburg were sold in February 2020 to Dirk Bron.
Budget201242NetherlandsHomeware, perfumery/drugstore articles, sweetsPull-up stores for the sell of dump and excess articles
Elektroblok19621since 1962NetherlandsHomewareWholesale, mostly supplying to customers in the Netherlands
Miniso[23] 20192Since 2019NetherlandsHomewareMirage Retail Group has franchise rights for the Netherlands
Intertoys1976301Netherlands, Belgium, GermanyToysSold in 2017 to Alteri Indigo Luxembourg S.À R.L. Bought back in 2019.[24]
Maxi Toys176Belgium, France, Luxembourg, Switzerland, Turkey, MoroccoToys

Former formulas:

NameFoundedNumber of storesActive inSegmentNotes
Bart Smit1967234Netherlands, Belgium, LuxembourgToysSold in 2017 to Alteri Indigo Luxembourg S.À R.L. who merged it into Intertoys. Intertoys was bought back.
Casa517France, Belgium, Luxembourg, Spain, Switzerland, Portugal, ItalyFurniture and interior decorating
Cook&Co200527NetherlandsFood and dishwareCreated from a merger of Holland Handels Huis and Hoyng. These stores were closed
Leen Bakker1928179Netherlands, Belgium, LuxembourgFurniture and interior decorating
Marskramer1940206NetherlandsHousehold appliancesSold to the Audax Groep
Novy199725NetherlandsHousehold appliancesDaughter company of Marskramer, sold to the Audax Groep
Toys2Play2002Can be found in Marskramer, Novy and Prima storesNetherlandsToysDaughter company of Marskramer, sold to the Audax Groep
Trend Centre19781--Wholesale of Blokker Holding located in Amsterdam
Xenos1973252Netherlands, GermanyFood, Household appliances, interior decorating

Blokker Holding also operated:

External links

Notes and References

  1. http://www.telegraaf.nl/dft/nieuws_dft/7868592/__Winkelier_Jaap_Blokker_regelt_eigen_opvolging__.html Winkelier Jaap Blokker regelt eigen opvolging
  2. Annual report 2015
  3. Web site: Dutch retail chain Intertoys sold to Alteri Investors. 12 October 2017. 5 August 2025. Reuters. en.
  4. Web site: Blokker sells Maxi Toys to a Portuguese investment fund . 22 January 2019. 5 August 2025. Retail Detail. en.
  5. Web site: Toy store chain Intertoys bankrupt. 21 February 2019. 5 August 2025. Retail Detail. en.
  6. Web site: Intertoys sold to Green Swan. 8 March 2019. 5 August 2025. Private Equity News. en.
  7. Web site: Intertoys back in the hands of its Dutch owner, as Green Swan sells. 8 September 2019. 5 August 2025. Dutch News. en.
  8. Web site: Blokker Holding renamed to Mirage Retail to avoid confusion. 23 July 2019. 5 August 2025. Retail Detail. en.
  9. Web site: Blokker stores 'will disappear completely' from Belgium. 18 February 2020. 5 August 2020. The Brussels Times. en.
  10. Web site: Maxi Toys acquired by King Jouet. 12 August 2020. 5 August 2025. Toy World Magazine. en.
  11. Web site: Blokker owner Mirage Retail Group acquires electronics chain BCC from Fnac Darty. 29 September 2020. 5 August 2025. Retail Detail. en.
  12. Web site: Mega World declared bankrupt. 22 December 2020. 5 August 2020. Retail Detail. en.
  13. Web site: Change at the top of Blokker owner Mirage Retail Group. 27 September 2021. 5 August 2025. Retail Detail.
  14. Web site: Parent company of Blokker will not go forward with IPO. 4 December 2021. 5 August 2025. NL Times. en.
  15. Web site: No IPO for Blokker and Intertoys after all. 16 March 2023. 5 August 2025. Retail Detail. en.
  16. Web site: Electronics retailer BCC declared bankrupt; 1,000 jobs to disappear. 22 September 2023. 5 August 2025. NL Times. en.
  17. Web site: Court declares Big Bazar bankrupt as workers go unpaid; 1,300 lose their jobs. 29 September 2023. 5 August 2025. NL Times. en.
  18. Web site: Belgian toy retail chain ToyChamp buys Intertoys' Dutch shops. 28 October 2024. 5 August 2025. Belgan News Agency. en.
  19. Web site: Blokker bankrupt in Netherlands, search for solution starts. 14 November 2024. 5 August 2025. Retail Detail. en.
  20. Web site: Blokker parent company Mirage Retail Group files for bankruptcy. 9 December 2024. 5 August 2025. NL Times. en.
  21. Web site: Bargain chain Miniso's Dutch stores could be up for grabs after Blokker bankruptcy. 18 February 2025. 5 August 2025. NL Times. en.
  22. Web site: Blokker to reopen 30 to 40 stores months after bankruptcy. 2 May 2025. 5 August 2025. NL Times. en.
  23. https://www.rtlnieuws.nl/editienl/artikel/5169290/miniso-chinese-goedkope-winkel-keten-eindhoven-utrecht Winkelketen Miniso rukt op: Nederland gek op Aziatische 'prullaria'?
  24. Web site: Eigenaar Blokker koopt Intertoys terug van Portugezen. 7 September 2019.