Darty plc
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| Public limited company | |
| Traded as | LSE: DRTY |
| Industry | Retail |
| Founded | 2003 |
| Headquarters | London, United Kingdom |
Key people |
David Newlands (Chairman) Thierry Falque-Pierrotin (CEO) Dominic Platt (Finance director) |
| Products |
white and brown goods, consumer electronics, personal computing, digital photo processing, Pre-recorded media, furniture |
| Revenue | £5,917.3 million (2011)[1] |
| £107.0 million (2011)[1] | |
| £30.7 million (2011)[1] | |
Number of employees | circa 17,000[2] |
| Subsidiaries | Darty |
| Website |
www |
Darty plc (formerly Kesa Electricals plc) is a multinational electrical retailing company headquartered in London, United Kingdom.
History
The company was formed in July 2003, by a demerger from Kingfisher plc.[3] In July 2007, the Company bought Menaje Del Hogar, a Spanish electrical retail chain.[4] On 6 July 2009, the company sold its Swiss operation.[5] In February 2012, the company completed the sale of Comet Group, which they sold in November 2011, to OpCapita for £2, and also paid the purchaser a "sweetener" of £50 million to take the loss-making venture away.[6]
On 31 July 2012, Kesa Electricals was renamed Darty plc.[7]
In November 2015, Darty plc reached an agreement to merge with the French retailer Fnac.[8] In March 2016, Darty announced it had instead agreed to be purchased by Steinhoff International for £673 million, through Steinhoff's Conforama subsidiary.[9] Fnac returned with a higher offer, resulting in a bidding war between Fnac and Conforama during April 2016.[10]
Operations
Darty is headquartered in London. It has sourcing offices based in Paris and Hong Kong, as well as a wholly owned wholesaler of electrical accessories, Dacem, who supply all of Kesa's European operations.[11]
Its structure is as follows:
- Darty France: retailer in France; operates 214 stores with 282,700 square metres of selling space
- Darty Italy: retailer in Italy; Has operated 23 stores with 19,750 square metres of selling space until 2 March 2013, when Darty stores were transferred to Trony.
- Darty Turkey: retailer in Turkey; operates six stores with 8,200 square metres of selling space
- BCC: retail and E-commerce in Netherlands.; operates 50 stores with 64,900 square metres of selling space
- Vanden Borre: retailer in Belgium; operates 57 stores with 60,800 square metres of selling space
- Darty: retailer in Spain and Portugal; operates 67 stores with 79,500 square metres of selling space
Former:
- Datart: retailer in Czech Republic and Slovakia; operates 42 stores. Share sold in August 2014.[12]
References
- 1 2 3 Preliminary Results 2011
- ↑ Kesa: Trading philosophy
- ↑ Simpkins, Edward (14 September 2003). "Kingfisher profits wiped out by Kesa demerger bills". The Telegraph. Retrieved 18 March 2016.
- ↑ Kesa Electricals to buy 54-unit Spanish chain
- ↑ Trading Statement
- ↑ "Comet electrical stores sold by Kesa for £2". BBC News. 9 November 2011. Retrieved 18 March 2016.
- ↑ "Kesa renames itself Darty as it turns in a loss". The Telegraph. 20 June 2012. Retrieved 6 October 2012.
- ↑ Kostov, Nick (6 November 2015). "France’s Fnac and Darty Agree Merger Terms". The Wall Street Journal. Retrieved 18 March 2016.
- ↑ "Steinhoff drops Home Retail bid; buys Darty". Financial Times. 18 March 2016. Retrieved 18 March 2016.
- ↑ Thomson, Adam; Massoudi, Arash (21 April 2016). "Fnac and Conforama trade rapid fire bids for France’s Darty". Financial Times. Retrieved 22 April 2016.
- ↑ Kesa: Group at a glance
- ↑ http://www.dartygroup.com/sale-of-shareholding-in-datart-investments-sa/
External links
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