Sumi NV, a subsidiary of Macintosh Retail Group N.V, has successfully completed a squeeze out bid started at the beginning of the year (see www.footwearbiz.com January 2), to take control of Belgian footwear retailer Brantano.

Following the squeeze out, which ran from January 2-22, Sumi now holds 2,867,039 shares of Brantano NV, representing 98.6% of the share capital of the retailer (including treasury shares hold by Brantano NV itself).

Brantano currently operates approximately 300 stores in Europe and the Middle East, selling men’s, women’s and children’s footwear and accessories.

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