The British group of DIY stores Kingfisher, owner of the Castorama and Brico Dépôt brands in France, and the French distributor Mr Bricolage announced Wednesday that they had signed a “collaboration agreement” for their purchases in France. Kingfisher France and Mr Bricolage specify that they “maintain their own trade policies” elsewhere.
The two groups, which had announced exclusive negotiations for this association in March, indicate in a press release that this cooperation agreement “results in the creation of a joint company, Unio, whose constitution is underway to make it operational for the negotiations. annual commercials this fall.
Kingfisher is present in France through its Castorama and Brico Dépôt brands, with more than 21,000 employees and 218 points of sale. These two brands achieved a turnover of 4.4 billion pounds in the 2022-23 financial year. Mr Bricolage (Mr Bricolage and Les Briconautes brands) had 977 outlets under brands or affiliates on January 1, including 74 stores outside of France. In 2022, the “turnover of its networks” amounted to almost 2.4 billion euros.
Source: BFM TV
