Insurance company becomes second largest Fnac-Darty shareholder

Insurance company becomes second largest Fnac-Darty shareholder

Insurance company becomes second largest Fnac-Darty shareholder

There has been yet another thorough shake-up among Fnac Darty’s shareholders. The merger company, which owns Belgian electronics chain Vanden Borre and Dutch retailer BCC, will now welcome insurance company SFAM, after it bought investment fund Knight Vinke’s shares.


Merry-go-round among shareholders

Fnac, led by current Carrefour CEO Alexandre Bompard, acquired electronics chain Darty in 2016 after a fierce (and expensive) battle against Conforama. Ever since, the merger company altered its board and its group of shareholders has also undergone changes.


It all started with Artemis, the Pinault family’s investment holding. The family, which also owns luxury group Kering, with brands like Gucci, Yves Saint Laurent, Balenciaga and Stella McCartney, used to own 24 % of Fnac-Darty, but sold it for 452 million euro to Germany CEConomy (the group that owns Media Markt and Saturn, created from the demerger of German trade group Metro Group last year).


It has now been revealed that Knight Vinke, Eric Knight’s activist investment fund, sold his 11 % stake for 335 million euro to French insurance company SFAM. He was previously part of Darty’s board and was even one of the first to back the Fnac acquisition. SFAM is one of the largest specialists in insurance policies and guarantees for smartphones, tablets and other multimedia devices, which obviously presents several business opportunities.


All eyes are now on the company’s third major shareholder, French media group Vivendi. Entrepreneur Vincent Bolloré’s group has an 11 % stake in Fnac-Darty and once joined Fnac to help Bompard acquire Darty, but said he would “keep all options open” after Bompard moved to Carrefour. He considers this stake to be a “non-strategic participation”, so to be continued…

Questions or comments? Please feel free to contact the editors

Gerelateerde items

Fnac Darty wants to save toy store chain La Grande Récré


French entertainment and electro chain Fnac Darty is looking into the possibilities of saving toy store chain La Grande Récré, despite current owner Ludendo's plans to reboot the struggling chain.

Ceconomy sells its Russian division


Ceconomy, MediaMarkt's parent company, has sold its onerous Russian division to local electronics chain The German electronics giant does not quit Russia altogether however, as it continues as shareholder of

LVMH's Bernard Arnault invests in refurbished phones


BackMarket, a French start-up that wants to be a marketplace for refurbished smart phones, tablets and laptops, has secured a 41 million euro investment. The most famous new investor is Bernard Arnault, CEO of luxury group LVMH.

Coolblue closes hundreds of web shops


Dutch e-commerce group Coolblue has terminated hundreds of its web shops, instead preferring one central web shop at This may be the precursor to an international expansion, the company says.

Xiaomi's European conquest goes through Paris


Chinese smartphone manufacturer Xiaomi just opened a physical store in Paris, part of its ambitious European expansion plan. The brand is also dreaming of an American launch.

Fnac Darty and MediaMarkt Saturn enter purchase alliance


French electronics retailer Fnac Darty has set up a purchase alliance with competitor MediaMarkt Saturn. Both companies will buy together when it comes to the European retail market.