The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands. Kingfisher profits wiped out by Kesa demerger bills. In Sept.2006, the Group acquired the entire share capital of AMP Enterprises Ltd, the holdco for Total Home Entertainment Distribution Ltd (THE), from private equity firm 3i Group plc.AR-2007. Further Reading: What is the Difference Between Common Shares and Convertible Shares? The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and … Kingfisher and Asda to merge. The 14 Big W stores were rebranded Woolworth Big W.ref See also "first Woolworths General Store in 2000" link, link, Big W, etc: In the late 1990s, the management extended the Woolworths brand into other retail formats and alternative channels to accelerate growth by taking advantage of changing retail trends. ValuEngine upgraded KINGFISHER PLC/SH from a strong sell rating to a sell rating in a report on Monday, August 3rd. [22], Website Several other analysts have also recently commented on the stock. Feb.2012: Kesa Holdings Ltd was still the sole shareholder. ?date? Zacks Investment Research lowered shares of KINGFISHER PLC/SH (OTCMKTS:KGFHY) from a buy rating to a hold rating in a research report report published on Friday morning, Zacks.com reports. Comet to make 1,200 redundant. : Woolworths Group plc was formed by the demerger of Kingfisher's general merchandise business. https://www.wikicorporates.org/mediawiki/index.php?title=Kingfisher_plc&oldid=63135. FixMe: Kingfisher revealed its plan to demerge into two listed companies, separating the "poorly performing" Comet and B&Q groups from the Superdrug, Woolworths and Big W chains (General Merchandise). Nov.1973: Comet had established 25 discount warehouses. ? Kingfisher is the largest European distributor of home improvement products and services, and 3rd largest worldwide, with a network of 1,331 stores in 10 countries across Europe, Russia and Turkey. [wpref-26, Kingfisher plc] Jul.2003: #Kesa Electricals plc: Kingfisher demerged its electrical businesses into a separately-listed company. Website, Our Websites, Reports, AR-Feb.2002, AR-2003, AR-2004, AR-2005, AR-2006, AR-2007, Chartwell Land plc, property company; started by redeveloping the Woolworth properties and diversified into redeveloping properties of other companies both in and outside of the group. The Times. New chapter and big questions ahead for DIY empire behind B&Q. By the end of the year, Superdrug had established a market-leading position within the high street toiletry sector, trading in 580 outlets. Deloitte accused of costing taxpayers 50m for botched administrations. The Times. He explained that he had reluctantly concluded that a demerger would be the best option for everyone. (per WP) [ref-3,MVC],[ref-4,MVC], Mar.2001: Progress was interrupted when the media turned on Kingfisher after a severe slow-down in profits in Continental Europe. Comet had made strategic errors with its home computer business, and its decision to stop selling computer games had allowed competitors to corner the market. In Germany, Kingfisher owns the Promarkt chain of electrical stores, though the business has been struggling and is currently loss-making. 1950s: Gov't austerity measures favoured Woolies. Woolworths Group was also loaded up with £200m of debt.ref,ref The Board did not embrace self-service. Entertainment UK Ltd, distributor of music CDs and cassettes, pre-recorded videos, video games, CD-ROM computer software, and books. Also manages an investment portfolio. The "management buy-in" saw the firm change hands without the agreement of its London stockholders, over the heads of the Board. Goldman Sachs Group restated a buy rating on shares of KINGFISHER PLC/SH in a report on Friday, October 2nd. Comet electrical stores sold by Kesa for £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his page was last modified on 17 June 2020, at 18:26. The Independent. [AR-2003], 1993: Kingfisher plc bought the company. 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[10], The expansion of Big W also continued apace.