New Store Europe AS Bundle
Who Owns New Store Europe AS?
Founded in 2007, New Store Europe AS built a legacy in shopfitting, serving over 30 countries. Its focus was on creating impactful retail spaces.
The company's strategic path included integration with ITAB Shop Concept, a significant move within the global shop fitting market, valued at $147.28 billion in 2024.
Who owns New Store Europe AS?
New Store Europe AS was acquired by ITAB Shop Concept. This acquisition integrated New Store Europe into a larger entity within the building products sector. Despite operating in a growing market, with projections reaching $157.16 billion by 2025, the company faced challenges leading to insolvency proceedings in Norway. Its UK subsidiary also entered administration. Understanding the ownership structure is key to analyzing its trajectory, as detailed in a New Store Europe AS PESTEL Analysis.
Who Founded New Store Europe AS?
New Store Europe AS was formally established in 2007, building on an operational legacy that reportedly stretches back to the 19th century. The company's initial operations focused on specialized shop fitting and interior solutions designed to enhance physical retail spaces. While the precise equity split and initial shareholding percentages of the founders are not publicly disclosed, the founding vision centered on providing comprehensive solutions from design to installation and maintenance.
| Aspect | Details |
|---|---|
| Establishment Year | 2007 |
| Operational Heritage | Reportedly dates back to the 19th century |
| Initial Focus | Specialized shop fitting and interior solutions |
| Founder Information | Not publicly available |
| Early Backer Information | Not publicly available |
Founding Vision
The company's founding vision was to offer integrated solutions for retail environments. This encompassed everything from the initial conceptual design phase through to the final installation and ongoing maintenance services.
Early Operational Model
The early operations were defined by this comprehensive service model. It aimed to provide businesses with a complete package for optimizing their physical retail presence, setting a precedent for its market approach.
Ownership Secrecy
As a privately-held entity, specific details regarding New Store Europe AS ownership, including individual founders' names, their equity stakes, or early investor information, are not disclosed to the public.
Company Structure
The company structure is that of a private limited company. This status means that its shares are not traded on public exchanges, contributing to the limited availability of detailed ownership records.
Market Positioning
From its inception, the company positioned itself as a provider of specialized solutions for physical retail. This focus on end-to-end service in shop fitting and interior design was a key differentiator.
Historical Context
The reported operational heritage dating back to the 19th century suggests a significant historical foundation. This long-standing presence, even if under different structures, likely informed the company's early strategic direction.
The founding of New Store Europe AS in 2007 marked a formalization of an enterprise with deep roots, reportedly extending back to the 19th century. The company's initial business model was centered on providing specialized shop fitting and interior solutions, aiming to optimize the physical retail experiences for its clients. While specific details about the individual founders, their equity distribution, or early investors remain private due to the company's status as a privately-held entity, its core mission was clear: to deliver integrated services from conceptual design through to installation and maintenance. Understanding these foundational elements is crucial for grasping the Mission, Vision & Core Values of New Store Europe AS.
Key Aspects of Early Ownership and Operations
The early stages of New Store Europe AS were characterized by a focus on specialized retail solutions and a commitment to a comprehensive service offering. Despite the lack of public disclosure on specific ownership details, the company's operational heritage and founding vision provide insight into its initial trajectory.
- Formal establishment in 2007.
- Operational legacy potentially dating back to the 19th century.
- Initial focus on shop fitting and interior solutions.
- Founding vision emphasized integrated design, installation, and maintenance.
- Ownership details remain private for this privately-held company.
New Store Europe AS SWOT Analysis
- Complete SWOT Breakdown
- Fully Customizable
- Editable in Excel & Word
- Professional Formatting
- Investor-Ready Format
How Has New Store Europe AS’s Ownership Changed Over Time?
The ownership journey of New Store Europe AS has seen significant shifts, evolving from its inception to becoming an integral part of a larger corporate entity. This transformation has fundamentally reshaped its strategic direction and governance.
| Transaction Type | Counterparty | Date |
|---|---|---|
| Buyout/LBO | Shopex (Netherlands) | November 28, 2011 |
| Acquisition | ITAB Shop Concept | Not specified |
| Investment | Herkules Capital | Prior to or as part of acquisition |
The acquisition by ITAB Shop Concept marked a pivotal moment, integrating New Store Europe AS's expertise in shopfitting and interior solutions into ITAB's extensive building products sector. This move positioned ITAB Shop Concept as the ultimate beneficial owner and a primary stakeholder, influencing the strategic and financial decisions of New Store Europe AS to foster synergies and market integration. Herkules Capital, a private equity firm, also played a role through earlier investments, contributing to the company's growth trajectory before its integration into the larger ITAB structure.
Understanding New Store Europe AS Ownership
The ownership of New Store Europe AS has transitioned through several key phases, culminating in its integration into a larger corporate framework.
- ITAB Shop Concept is the current ultimate beneficial owner.
- Herkules Capital previously held an investment stake.
- An earlier transaction involved a Buyout/LBO with Shopex (Netherlands) in 2011.
- These changes impact the company's strategic direction and operations.
- Discover more about the Revenue Streams & Business Model of New Store Europe AS.
New Store Europe AS PESTLE Analysis
- Covers All 6 PESTLE Categories
- No Research Needed – Save Hours of Work
- Built by Experts, Trusted by Consultants
- Instant Download, Ready to Use
- 100% Editable, Fully Customizable
Who Sits on New Store Europe AS’s Board?
Prior to its insolvency, the board of directors for New Store Europe AS would have been influenced by its ownership structure, particularly following its acquisition by ITAB Shop Concept. While specific board member names immediately before insolvency are not readily available, it is typical for the acquiring entity to appoint representatives to ensure strategic control.
| Entity | Relationship | Potential Board Representation |
|---|---|---|
| ITAB Shop Concept | Acquiring Parent Company | Likely appointed majority of board members |
| Herkules Capital | Previous Significant Investor | Possible representation if stake warranted |
| New Store Europe AS Management | Operational Leadership | Likely included key internal figures |
The voting power within New Store Europe AS, as a private entity, would have traditionally followed a one-share-one-vote principle, consolidating control with the majority shareholder. The subsequent insolvency proceedings in Norway, and the administration of its UK subsidiary by KPMG, signify a complete transfer of control away from the existing board and management, with external administrators now overseeing the business. This situation highlights a critical breakdown in governance and financial management, impacting the Growth Strategy of New Store Europe AS.
Board Composition and Control Dynamics
The board of directors of New Store Europe AS would have been structured to reflect its ownership, with the parent company, ITAB Shop Concept, likely holding the majority of seats. This ensures strategic alignment and oversight.
- ITAB Shop Concept's appointment of board members would have been key to its control.
- Previous major shareholders, such as Herkules Capital, might have retained board representation.
- The principle of one-share-one-vote typically dictates voting power in private companies.
- Insolvency proceedings lead to the appointment of administrators, superseding the existing board's authority.
New Store Europe AS Business Model Canvas
- Complete 9-Block Business Model Canvas
- Effortlessly Communicate Your Business Strategy
- Investor-Ready BMC Format
- 100% Editable and Customizable
- Clear and Structured Layout
What Recent Changes Have Shaped New Store Europe AS’s Ownership Landscape?
Recent developments indicate significant shifts in the ownership and operational control of New Store Europe AS. The company has entered insolvency proceedings in Norway, with its UK subsidiary placed into administration in 2024-2025, pointing to substantial financial distress and funding challenges.
| Event | Date | Impact |
|---|---|---|
| Insolvency Proceedings (Norway) | 2024-2025 | Indicates severe trading difficulties and funding pressures. |
| Administration (UK Subsidiary) | 2024-2025 | Complete change in operational control; job risks for 307 employees. |
| Seeking Buyer for Business and Assets | Ongoing | Potential future ownership change or operational wind-down. |
The insolvency of New Store Europe AS and the administration of its UK subsidiary represent a critical turning point, signaling severe trading difficulties and funding pressures. This situation contrasts with the broader European retail market, which demonstrated resilience in 2024, with retail investment volumes reaching EUR 25.4 billion and a projected modest growth in real retail sales in the Eurozone of 1.7% per annum from 2025 to 2029. While the overall shopfitting material market is expected to grow from $147.28 billion in 2024 to $157.16 billion in 2025, New Store Europe AS's challenges appear company-specific. The appointment of joint administrators for the UK entity signifies a complete shift in operational control, impacting all 307 employees at its Marlow base and other locations. This highlights the inherent risks in corporate acquisitions and integration, even within a growing market. Administrators are actively seeking a buyer for the business and its assets, suggesting a potential change in who owns New Store Europe AS or a restructuring of its operations.
New Store Europe AS Ownership Status
The company is currently undergoing insolvency proceedings in Norway and administration in the UK. Efforts are underway to find a buyer for its assets.
Market Context vs. Company Performance
While the European retail market shows signs of recovery, New Store Europe AS's financial difficulties appear to be company-specific, not industry-wide.
Impact on Employees and Operations
The administration of the UK subsidiary places approximately 307 employees at risk and signifies a complete change in operational control.
Future Ownership Prospects
The search for a buyer indicates a potential shift in the New Store Europe AS shareholders and the overall corporate ownership structure.
New Store Europe AS Porter's Five Forces Analysis
- Covers All 5 Competitive Forces in Detail
- Structured for Consultants, Students, and Founders
- 100% Editable in Microsoft Word & Excel
- Instant Digital Download – Use Immediately
- Compatible with Mac & PC – Fully Unlocked
- What is Brief History of New Store Europe AS Company?
- What is Competitive Landscape of New Store Europe AS Company?
- What is Growth Strategy and Future Prospects of New Store Europe AS Company?
- How Does New Store Europe AS Company Work?
- What is Sales and Marketing Strategy of New Store Europe AS Company?
- What are Mission Vision & Core Values of New Store Europe AS Company?
- What is Customer Demographics and Target Market of New Store Europe AS Company?
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.