DIY

Bauhaus opens second Dutch store
  • Published in DIY

On 14 April, DIY store chain Bauhaus will open its second Dutch store in Twente. Its 15,000 sqm store will be located in the Westermaat business park in Hengelo.

DIY giant Kingfisher's growth slowed down
  • Published in DIY

British DIY giant Kingfisher will have mixed feelings about its second quarter: its British subsidiaries performed very well, while the French chains' turnover dropped.

Hornbach Netherlands achieves double-digit growth
  • Published in DIY

In its past fiscal year, German DIY chain Hornbach has raised its consolidated turnover by 5 %, partially thanks to a good performance in the Netherlands: its Dutch turnover growth even reached a double-digit growth.

Distressed debt funds take an interest in Maxeda
  • Published in DIY

DIY group Maxeda cannot seem to get rid of Praxis, Formido and Brico. Now, several funds who are known for their harsh reorganizations are intervening.

Roy van Keulen departs Maxeda DIY Groep as well
  • Published in DIY

Only a few days after the announcement CEO Roel van Neerbos would leave the Dutch Maxeda DIY Group's new CEO, it is revealed that group director Roy van Keulen will leave the group as well.

Guy Colleau is Maxeda DIY's new CEO
  • Published in DIY

Dutch DIY chain Maxeda, which owns chains like Praxis, Formido, Brico and Plan-It, has confirmed the appointment of Frenchman Guy Colleau as its new CEO. He will start on 1 May.

Home Depot takes advantage of recovering housing market
  • Published in DIY

Home Depot, America's largest DIY chain, has just published quarterly results that were better than expected, thanks to the recovering housing market and the unusual warm weather for the time of the year.

New 5-year plan should help boost Kingfisher's profit
  • Published in DIY

British DIY group Kingfisher has major plans to boost its profit over the next 5 years. It will invest 800 million pounds (1.05 billion euro) to bring all of its brands together under one roof.

Hornbach adjusts profit forecast
  • Published in DIY

German DIY chain Hornbach has adjusted its full fiscal year profit forecast after its operating income was hammered in the third quarter, partially because of higher costs.

Weak French market proves detrimental to Kingfisher
  • Published in DIY

Kingfisher's third quarter of 2015 was not as well as it had hoped, with a 6 % profit drop. The DIY company, which owns chains like B&Q, Screwfix, Castorama and Brico Dépôt, did perform well in Great Britain however.

Mr. Bricolage wards off interest from Bricorama
  • Published in DIY

Several months after its engagement to Kingfisher was annulled, another interested party has wooed French DIY chain Mr. Bricolage. This time, the admirer is the much smaller Bricorama, but Mr. Bricolage is not interested.

Kingfisher will open 200 Screwfix stores
  • Published in DIY

While Kingfisher is in the process of closing down 15 % of its B&Q stores, it has announced it will open 200 Screwfix stores. The transition fits the current trend of stepping away from "do it yourself" and moving towards "get it done", as Screwfix mostly focuses on professionals.

David Taylor is P&G's new CEO
  • Published in DIY

Procter & Gamble has appointed David Taylor as its new CEO. A.G. Lafley, the previous CEO, guided Taylor into his new position and will now become chairman of the board.

Maxeda (Brico) sells shares to debtors
  • Published in DIY

DIY group Maxeda, which owns chains like Brico and Praxis, has sold the majority of its shares to the French investor Ardian and the American Goldentree Asset Management group.

Mr Bricolage launches "La Dépanne", a DIY share platform
  • Published in DIY

French DIY chain Mr Bricolage has launched its "La Dépanne" platform, the very first community-based DIY platform for people who want to rent materials. The company also hopes to attract a younger audience with this new platform.

B&Q CEO to leave after Kingfisher shuffle?
  • Published in DIY

Kevin O'Byrne, CEO of DIY chain B&Q, is rumoured to be leaving the company as its parent company Kingfisher has prepared some restructuring plans.

Kingfisher - Mr. Bricolage marriage about to burst?
  • Published in DIY

British DIY group Kingfisher and French Mr. Bricolage seem to have had a rough ride in their 'engagement': the rift may even cause the previously-announced acquisition to falter. 

Intergamma gains market share in Belgian and Dutch DIY market
  • Published in DIY

The Belgian branch of the Gamma DIY chain, which all belongs to the Dutch construction group Intergamma, has managed to lift its market share by 0.1 % to 14.4 %. In the Netherlands, the group's market share has risen to 41.3 %.

Swiss change of course may cause Kingfisher problems
  • Published in DIY

British DIY chain Kingfisher may lose a lot of profit in the next few years as a Swiss policy change may impact the Polish currency, which is good for 10 % of the group's turnover.

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