Globall Concept has divested its retail Christmas lighting division to Velleman Group, allowing it to focus on core decoration activities while enhancing Velleman's product offerings.
Target Information
Globall Concept is an international player in Christmas lighting and festive decorations, founded in 1996 and headquartered in Nivelles, Belgium. The company specializes in the design and installation of Christmas decorations for shopping centers worldwide. Since 2001, Globall Concept has also marketed a range of Christmas products aimed at both private consumers and professionals.
Recently, Globall Concept divested its retail distribution branch focused on Christmas decorations for individual customers to the Velleman Group. This divestiture allows Globall Concept to concentrate on its core competencies in enhancing private and public spaces through innovative lighting and decoration solutions.
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Industry Overview
In the context of the Christmas decorations market, the industry has witnessed significant growth across Europe, particularly in the Benelux region, Germany, Austria, France, Poland, Scandinavi
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