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  September 5, 2001
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Home > Company Index > Retail > Building Materials & Gardening Supplies Retailing & Wholesale > GIB sa

GIB sa
 PROFILE
GIB was BIG in Europe, but now it's shrinking. Prior to selling its grocery supermarkets and hypermarkets to Carrefour, it was the #1 retailer in Belgium. Its remaining businesses include four do-it-yourself (DIY) chains, three restaurant chains (including 58% of the 400-unit Quick hamburger chain), plus a handful of specialty retailers. Founded in 1861, GIB is about 40%-owned by holding company Cobepa. The company has plans to sell off its property holding business, Immo, and is seeking a partner to better concentrate on expanding its DIY businesses.

 COMPETITION
Castorama-Dubois Investissements (CY)
ITM Entreprises SA (dossier)
McDonald's Corporation (MCD)

 FINANCIAL OVERVIEW
Fiscal Year-End: January
2000 Sales (mil.): 5,191.10
1-Yr. Sales Growth: (10.2)%
Employees: 32,679
Revenue per employee: $158,851.25

 KEY PEOPLE
• Jean-Pierre Bizet
    CEO
• Louis Frere
    CFO

 CONTACT INFO
Avenue des Olympiades 20
B-1140 Brussels, Belgium
Phone: 32-2-729-21-11
Fax: 32-2-729-20-96
Online: Web Site

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