The shareholders of DIY group Kingfisher (which includes such chains as B&Q and Brico Dépôt) are protesting the severance payment of departing CEO Véronique Laury, who would be receiving 552,000 pounds (610,000 euros).
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DIY giant Kingfisher will be getting a new CEO next autumn: Thierry Garnier. The Frenchman will be succeeding Véronique Laury, who stepped down this spring.
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British DIY chain Kingfisher will be closing 34 outlets over the next two years, including eleven in France. The group is also looking for a new CEO to succeed Véronique Laury, who will be stepping down.
Kingfisher, Europe's second largest group of DIY chains, is leaving Portugal, Russia and Spain. The group wants to focus on its primary markets, including France, where their Castorama chain is struggling.
British DIY chain Kingfisher’s net profit dropped more than 20 % in the past fiscal year because of a restructuring plan in its native land and weak French sales.
Kingfisher has been one of the front runners in transforming its business into a more circular business. The focus? Smarter consumption and get 'more from less'.
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.
British DIY giant Kingfisher will have mixed feelings about its second quarter: its British subsidiaries performed very well, while the French chains' turnover dropped.
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.