French market

The French fabric leader buys the Belgian number one

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The French chain of fabric stores Global Fabrics expanded in Belgium, through the acquisition of Global Textiles. The eight stores of the latter (all in French-speaking Belgium) have all been renamed, now the new owner also wants to tackle the Dutch-speaking North of Belgium.

One year later…

The first information on the takeover already dates from last year: Les Echos reported on the operation on June 17, 2021, writing that “Mondial Tissus sales have exploded due to the pandemic”. It took almost a year, but now the acquisition is complete.

Mondial Textiles currently has eight stores in Belgium: in Arlon, Braine-l’Alleud (where the head office is also located), Gosselies, Liège, Marche-en-Famenne, Mons, Namur and Wavre. Others should follow soon, an expansion that would take place both through own stores and through a franchise. The Mondial Textiles online store already refers to the online store of the new French owner, who has already made it clear that he also wants to operate in the Dutch-speaking north of Belgium, where Mondial Textiles does not have stores.

Fifth foreign market

For Mondial Tissus, the step towards Belgium is important and also logical, CEO Bernard Cherqui said in a statement. “The choice of Belgium was in fact obvious. On the one hand because of its geographical location and similar cultural values, and on the other hand because of its enormous creative potential. We look forward to getting to know this market more closely, which has a great passion for decoration, and to further adapt our product range to it!

Mondial Tissus has approximately eighty stores in France, and is also active online in Austria, Germany, Monaco and Spain. Besides the eight Belgian stores that will join the chain with this sale, there is also only one German store in Stuttgart.

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The French chain of fabric stores Mondial Tissus has developed in Belgium, thanks to the takeover of Mondial Textiles. The eight stores of the latter (all in French-speaking Belgium) have all been renamed, now the new owner also wants to tackle the Dutch-speaking North of Belgium.