Kingfisher: DIY deal with Mr.Bricolage
(CercleFinance.com) - In a statement this morning, Kingfisher France and Mr.
Bricolage announced that they have entered into exclusive negotiations with a view to signing a purchasing partnership agreement.
This agreement, which would result in the creation of a joint venture that could well be completed in H2 2023, could lead to commercial negotiations as early as 2024.
This partnership aims to strengthen the links with common national and international suppliers, while offering them new commercial opportunities.
However, the brands plan to maintain their own commercial policies.
For the record, Kingfisher is present in France through the Castorama and Brico Dépôt brands, which employ over 21,000 people in 218 sales outlets.
Meanwhile, Mr.Bricolage, which operates the Mr.Bricolage and Les Briconautes chains, has 903 sales outlets in France.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
Bricolage announced that they have entered into exclusive negotiations with a view to signing a purchasing partnership agreement.
This agreement, which would result in the creation of a joint venture that could well be completed in H2 2023, could lead to commercial negotiations as early as 2024.
This partnership aims to strengthen the links with common national and international suppliers, while offering them new commercial opportunities.
However, the brands plan to maintain their own commercial policies.
For the record, Kingfisher is present in France through the Castorama and Brico Dépôt brands, which employ over 21,000 people in 218 sales outlets.
Meanwhile, Mr.Bricolage, which operates the Mr.Bricolage and Les Briconautes chains, has 903 sales outlets in France.
Copyright (c) 2023 CercleFinance.com. All rights reserved.