DIY

Bricorama does not want to sell Gamma
  • Published in DIY

French DIY company Bricorama will not sell Gamma’s Belgian and Dutch stores. There was a longstanding rumour to that nature, but the company has now refuted those claims.

Kingfisher experiences another turnover drop
  • Published in DIY

DIY group Kingfisher has experienced yet another disappoiting quarter: the British-French group suffered setbacks in both its home markets and the restructuring plan is also weighing down its results.

Sizeable profit drop for Geberit
  • Published in DIY

Swiss sanitation specialist Geberit has had a disappointing first semester of 2017, in which its profit dropped about 20 %. Turnover also slumped, but only slightly.

Intergamma: departure largest shareholder sparks turmoil
  • Published in DIY

Irish group CRH, which owns nearly 50 % of DIY Intergamma’s shares, wants to sell those shares, but the other shareholders cannot find an appropriate solution.

Strong Dutch growth for Hornbach
  • Published in DIY

German DIY chain Hornbach’s turnover and profit grew a lot in the past fiscal year, which ended 28 February 2017. Particularly its Dutch division performed very well.

Cooperative Menouquin joins Hagebau
  • Published in DIY

Belgian’s largest cooperative in tools, hardware and DIY, Menouquin, will join German Hagebau, a move designed to help Menouquin grow.

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.

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