Electricals retail group Kesa can focus on its core business after selling its French furniture arm Amanda Vermeulen Kesa Electricals has finalised plans to sell French furniture business, BUT, to Decomeubles, a company backed by Goldman Sachs and Merchant Equity Partners, for 550m....
LONDON AFP — British electricals-to-furniture retailer Kesa Electricals has announced a solid increase in sales, boosted by demand for new televisions ahead of the World Cup football tournament. But because demand was now likely to tail off, the group remained cautious on the outlook for the rest of 2006,...
LONDON AFP — Kesa Electricals, the British electricals-to-furniture retailer, said that group sales across its European businesses rose by 2.5 percent during the third quarter to 973.1 million pounds (1.42 billion euros, 1.68 billion dollars). On a like-for-like basis, which strips out the impact of new and closed store...
LONDON AFP — Britain's Kesa Electricals has rejected a takeover bid from a private equity firm that values the electricals-to-furniture retailer at 1.72 billion pounds (2.49 billion euros, 2.99 billion dollars). Kesa, whose businesses include Comet in Britain as well as Darty and BUT in France, said the offer...
LONDON (Reuters UK) - Europe's third-largest electrical goods retailer Kesa Electricals KESA posted a 71 percent fall in first-half retail profit, halved its dividend and said trading was set to remain tough, sending its shares 11 percent lower.Chief Executive Jean-Noel Labroue forecast "a very difficult peak trading period.""We do not...
By James DaveyLONDON (Reuters UK) - Retailers Kesa Electricals and Carpetright added more misery to the sector, both posting slumps in profit and warning on the outlook as consumers cut discretionary purchases.Both retailers highlighted the deteriorating consumer environment on Tuesday as cash-strapped consumers, hit by sliding house prices, soaring unemployment...
