Singer N.V. Logo

About Us

Retail Holdings NV (the "Company"") is a Curacao (formerly the Netherlands Antilles) public company that is the successor company to the Singer Company N.V. and its predecessor companies.  Price quotations for the Company's common shares are currently available on the "Pink Sheets" quotation service under the symbol “RHDGF.”

The Company has as its principal asset a 54.1% equity interest in Singer Asia Limited, which, in turn, has an indirect 34.0% equity interest in Singer India Limited, an Indian public company that is a distributor of  sewing machines and other consumer durable products throughout India. The Company. has no other operating activities.

Strategy Statement

In 2020, the Company essentially completed the divestment program begun in 2015. In that year, the Company outlined a strategy, “to manage and, ultimately, to monetize the value of its assets, to make regular cash distributions to shareholders, and to liquidate, with a budgeted time frame of three to five years." A total of $261.8 million in net proceeds from asset sales were generated, and a total of $38.30 per Share has been distributed to shareholders.

The Company anticipates that the sale of its remaining stake in the India business will be completed by year-end 2021 or early in 2022. In the interim period, the Company will have to fund continuing, albeit declining, legacy expenses, certain fixed costs of being a public company, and maintain a management structure, resulting in continuing P&L losses. Management believes that an additional distribution of up to $0.50 per Share may be paid to shareholders in late 2021 or early 2022 with a final nominal liquidation distribution in late 2022 or early 2023, although these amounts cannot be assured and there may in practice be nil additional distributions.