Fnac Darty: partnership agreement with Manor
(CercleFinance.com) - Fnac Darty has announced the signature of a partnership agreement with Manor, which is aimed at deploying a total of 27 Fnac shop-in-shops within Manor by the first half of 2022, following a successful trial in four stores by Fnac Switzerland in recent months.
These new shop-in-shops, operated as concessions that have surface areas of up to 1,000 m2, will offer a wide selection of products and services, ranging from books to multimedia, telephony and small household appliances.
Thanks to this partnership, Fnac Darty aims to generate additional revenue of at least 100 million euros over the full year, without any significant impact on its free cash flow target, which is expected to be around 500 million euros over 2021-2023.
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