Darty plc

"Kesa" redirects here. For the Buddhist monk's robe, see kesa (clothing).
Darty plc
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.dartygroup.com

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:

Former:

References

  1. 1 2 3 Preliminary Results 2011
  2. Kesa: Trading philosophy
  3. Simpkins, Edward (14 September 2003). "Kingfisher profits wiped out by Kesa demerger bills". The Telegraph. Retrieved 18 March 2016.
  4. Kesa Electricals to buy 54-unit Spanish chain
  5. Trading Statement
  6. "Comet electrical stores sold by Kesa for £2". BBC News. 9 November 2011. Retrieved 18 March 2016.
  7. "Kesa renames itself Darty as it turns in a loss". The Telegraph. 20 June 2012. Retrieved 6 October 2012.
  8. Kostov, Nick (6 November 2015). "France’s Fnac and Darty Agree Merger Terms". The Wall Street Journal. Retrieved 18 March 2016.
  9. "Steinhoff drops Home Retail bid; buys Darty". Financial Times. 18 March 2016. Retrieved 18 March 2016.
  10. Thomson, Adam; Massoudi, Arash (21 April 2016). "Fnac and Conforama trade rapid fire bids for France’s Darty". Financial Times. Retrieved 22 April 2016.
  11. Kesa: Group at a glance
  12. http://www.dartygroup.com/sale-of-shareholding-in-datart-investments-sa/

External links

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