Kesa Electricals
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| Type | Public (LSE: KESA) |
|---|---|
| Industry | Retailer |
| Founded | 2003 |
| Headquarters | London, United Kingdom |
| Key people | David Newlands Chairman Jean-Noël Labroue CEO Simon Herrick Finance Director |
| Products | Brown Goods, White goods, Telecommunications, Information technology, Digital photo processing, Pre-recorded media, Furniture |
| Revenue | £5,124.1 million (2010)[1] |
| Operating income | £83.5 million (2010)[1] |
| Net income | £39.3 million (2010)[1] |
| Employees | circa 26,000+ |
| Website | www.kesaelectricals.com |
Kesa Electricals plc (LSE: KESA Euronext: KESA) is a major British-based French multinational consumer electronics and household appliance retailing group. It is the third largest electrical group in Europe. It is dual-listed on the London Stock Exchange and Euronext and is a member of the FTSE 250 index.
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[edit] History
The Company was formed in 2003 by a demerger from Kingfisher plc.[2] In 2007 the Company bought Menaje Del Hogar, a Spanish electrical retail chain.[3] The Company sold its Swiss operation on 6 July 2009.[4]
[edit] Operations
Kesa Electricals is based in London and owns several European retailers including Comet in the United Kingdom, and Darty in France. It also has sourcing offices based in Paris and Hong Kong, as well as a wholly owned wholesaler of electrical accessories, Dacem, who supply all of Kesa's European operations.[5]
Its structure is as follows:
- Darty France: Retail in France. They own 214 stores with 282,700 square metres of selling space
- Darty Italy: Retail in Italy. They own 23 stores with 19,750 square metres of selling space
- Darty Turkey: Retail in Turkey. They own 6 stores with 8,200 square metres of selling space
- BCC: Retail and E-commerce in Netherlands. They own 50 stores with 64,900 square metres of selling space
- Vanden Borre: Retail in Belgium. They own 57 stores with 60,800 square metres of selling space
- Datart: Retail in Czech Republic / Slovakia. They own 32 stores with 33,400 square metres of selling space
- Menaje Del Hogar: Retail in Spain and Portugal. They own 67 stores with 79,500 square metres of selling space
[edit] Disposal of Comet
On 9 November 2011 Kesa announced plans to dispose of Comet.[6] Kesa Electricals will pay £50m to exit the loss making venture and assign ownership to equity firms Hailey Holdings and Hailey Acquisitions. It is not known whether the company will remain based in Britain or listed on the London Stock Exchange after this.
[edit] References
[edit] External links
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- Companies listed on the London Stock Exchange
- Companies listed on the Euronext exchanges
- Companies based in London
- Consumer electronics retailers of the United Kingdom
- Electronics companies of the United Kingdom
- Companies established in 2003
- Multinational companies headquartered in the United Kingdom
- Video game retailers
- Mobile phone companies of the United Kingdom
