INNO | |
Genre: | Department store |
Locations: | 16 |
Area Served: | Belgium |
Industry: | Retail |
Homepage: | inno.be |
INNO, formerly branded Galeria Inno, is a Belgian department store chain that operates 16 stores.[1] It is a subsidiary of German Galeria Karstadt Kaufhof.
It was founded in 1897 in Brussels as A l'Innovation. INNO was a founder and has remained member of the International Association of Department Stores from 1928 to 2001. Emile Bernheim has been 4 times the president of the Association in 1931, 1935, 1950, 1960.[2]
Since 2001, the chain has been owned by the Galeria Kaufhof group, which was subsequently acquired by Hudson's Bay Company in 2015[3] and sold again in 2019.
As of February 2023, INNO's current owner, Galeria Karstadt Kaufhof, supposedly plans to spin-off and sell the Belgian INNO branch as part of its own insolvency proceedings.[4] In July 2024 it was announced that Axcent (Scandinavian retail group) and Skel (Icelandic investment group) planned to purchase the company.[5]
INNO operates overall 16 department stores throughout Belgium, of which four are located in Brussels: Uccle, Bruxelles (Louise), Bruxelles (Rue Neuve), Woluwe.[6]