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Belgian department store chain From Wikipedia, the free encyclopedia
INNO, formerly branded Galeria Inno, is a Belgian department store chain that operates 16 stores.[3] It is a subsidiary of German Galeria Karstadt Kaufhof.[2]
Industry | Retail |
---|---|
Genre | Department store |
Number of locations | 16[1] |
Area served | Belgium[1] |
Owner | Galeria Karstadt Kaufhof[2] |
Website | inno.be |
It was founded in 1897 in Brussels as A l'Innovation. INNO was a founder and has remained member of the International Association of Department Stores from 1928 to 2001. Emile Bernheim has been 4 times the president of the Association in 1931, 1935, 1950, 1960.[4]
Since 2001, the chain has been owned by the Galeria Kaufhof group, which was subsequently acquired by Hudson's Bay Company in 2015[5] and sold again in 2019.
As of February 2023, INNO's current owner, Galeria Karstadt Kaufhof, supposedly plans to spin-off and sell the Belgian INNO branch as part of its own insolvency proceedings.[2] In July 2024 it was announced that Axcent (Scandinavian retail group) and Skel (Icelandic investment group) planned to purchase the company.[6]
INNO operates overall 16 department stores throughout Belgium, of which four are located in Brussels: Uccle, Bruxelles (Louise), Bruxelles (Rue Neuve), Woluwe.[1]
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