The corona crisis gave the DIY sector a boost, which is also reflected in the annual results of Maxeda, parent company of retail chains Brico and Praxis: sales and profits increased significantly.
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British DIY retailer Kingfisher has had a great quarter. The enormous growth in France is particularly noteworthy.
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Kingfisher, the parent company of B&Q, Castorama and Brico Dépôt, among others, expects it will be difficult to match last year. As a result of the lockdowns, there was a real run on do-it-yourself products and garden items.
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Earlier this week, the Dutch Maxeda DIY Group has joined the Arena Alliance for the purchasing of DIY, garden, and decoration items. It is the eighth do-it-yourself retailer to join the European purchasing group.
British DIY group Kingfisher has appointed Jean-Jacques Van Oosten as its new Chief Customer & Digital Officer. The Belgian had already been Group IT Director at Kingfisher between 2005 and 2008, before finding his way to several other big names in retail.
The shareholders of DIY group Kingfisher (which includes such chains as B&Q and Brico Dépôt) are protesting the severance payment of departing CEO Véronique Laury, who would be receiving 552,000 pounds (610,000 euros).
Intergamma, parent company of Gamma and Karwei, has been summoned to appear before the Enterprise Division this Thursday. The conflict between Intergamma and BG Retail has been going on for nearly two years.
British DIY chain Kingfisher will be closing 34 outlets over the next two years, including eleven in France. The group is also looking for a new CEO to succeed Véronique Laury, who will be stepping down.
French windows discounter Tryba has added Belgium to the list of countries in which it is active, following France, Germany, italy and Switzerland. The company aims to add five stores per year in Belgium, gradually expanding tot thirty Belgian stores.
Intergamma, the Benelux DIY group owning chains Gamma and Karwei, has appointed a new CFO (Marcello Iacono) and COO (Frans Hartong) to complete its new board of directors. CEO Harm-Jan Stoter is the only one to stay on.
Frank van Oers is the new president of Dutch DIY group Intergamma's supervisory board. His task is to strengthen the position of chains Gamma and Karwei, and to expand their online presence.
Dutch DIY company Maxeda has published mixed results for its latest fiscal year: turnover shrank but net profits went times three, the Netherlands painted a better picture than Belgium.
An expansion into Wallonia and France beckons for Belgian paint web shop deverfwebshop.be and its new counterpart boutiquepeinture.fr. Moreover, the company is looking for a new financial partner to help with this move.
German DIY chain Hornbach’s turnover surpassed 4 billion euro in the past fiscal year. The overall turnover growth was 5.1%: the Dutch market achieved double-digit growth, but the German home market stagnated.
The French Bureau of Competition has approved franchise group Les Mousquetaires' acquisition of DIY chain Bricorama. The deal will catapult Les Mousquetaires into the third position in the French DIY industry.