Concentration on DIY

Maxeda, a Netherlands retailer, is selling its M&S Mode fashion chain to the Excellent Retail Brands Group. This sale is being interpreted as another step towards concentration on the group’s DIY business alone. Maxeda operates four different DIY sales channels, Praxis, Formido, Brico and Brico Plan-It DIY, through which the group intends to position itself as the market leader in DIY retailing in the Benelux region.