Alcopa withdraws from France and sells Groupe Bernard (update)
Alcopa, the holding of the Moorkens family, is withdrawing from France. It sells its share in the French car distributor Groupe Bernard.
Alcopa is the second largest car importer in Belgium (after D’Ieteren) and is run by the Moorkens family since decades. It had also a stake of 40% in the French car distributor Groupe Bernard but is now selling this share. The turnover of this French group lies around 2 billion euro.
Leaving car distribution ?
Some see in the move a clear policy of the Alcopa group these days to leave the sector of car distribution, also in Belgium and Luxembourg. Today Alcopa is running dealerships of different brands like Ford, Volvo, Hyundai, Land Rover, Opel, Toyota, Fiat, Citroën and Kia. A spokesman of the group clarifies that Alcopa has no intention at all to disappear from the Belux distribution sector, as is the case now in France.
At the moment there is a consolidation wave in this sector, there is immense pressure on the dealers who have to invest heavily but see their margins shrinking. That’s why we see foreign groups on Belgian territory, like the Swedish Anders Hedin and Bilia, the Swiss Emil Frey, and the Dutch Van Mossel.
It’s no secret that Alcopa, while actually staying in the retail business, wants also to concentrate on importing cars (Hyundai, Suzuki, Isuzu, SsangYong, etc.) and develop other not car-related businesses like (office) furniture, doors, etc.