KINGFISHER is trying to dip a beak into the French DIY retailing
sector through picking up a stake in Castorama, the leading company in
the field in France, writes CHRISTOPHER SIMS.
The group is one of several who have put in an offer to buy the 29% of
Castorama held by Carrefour, the major French retailing group, which
wants to sell it to reduce debt. The chain has 114 outlets in France and
has a similar product profile as B&Q, Kingfisher's DIY chain which is
the UK's largest.
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