BNET Industries
Last Fiscal Year Sales:$10.6B
- Public
- UK
Dow Jones Description
Appliance & Electronics Retailer
Number of Employees 27,657
Peer Companies
NAICS Code Automotive Parts and Accessories Stores: 441310
Recent Events
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BRIEF-Kesa names C&W's Dominic Platt as finance chief
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Kesa Electricals Names Dominic Platt As Finance Director
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BRIEF-Kesa Electricals says finance chief Herrick resigns
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BRIEF-Kesa underlying Q1 sales fall 3.9 pct
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Kesa Electricals Fiscal Year Profit -46%, Cuts Dividend; Focus On Costs, Cash
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Kesa swings to loss, slashes dividend payout
News & Analysis
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kesa electricals plc. - All News and Analysis
Post-Christmas sales surge helps Comet beat forecasts
- 2009-01-21
A post-Christmas surge of shoppers buying TVs and laptops helped Comet, the electricals retailer, post better than expected festive sales, but its margins took a hit from fierce discounting in the market and dire sales of washing machines. Comet, which has 252 UK stores and is owned by...
Kesa set for gloomy Christmas sales figures
- 2009-01-19
The Week Ahead Kesa Electricals is expected to reveal evidence of further deterioration in trading when it reports on Christmas sales this week. Citigroup forecasts a 13 per cent slump in like-for-like sales at the group's Comet chain, while UBS has pencilled in a 12.5 per decline...
Main Movers
- 2008-12-17
UP Drax 539.5p (up 23.5p, 4.55 per cent) In-line update; says dark green spreads have contracted, but remain healthy. Go-Ahead 1,050p (up 40p, 3.96 per cent) Pre-close update reassures. 888 Holdings 79.75p (up 10p, 14.34 per cent) Cheered by PartyGaming's statement of progress in...
Carpetright and Comet slash divi and post plunging sales and profits
- 2008-12-17
THE ELECTRICALS chain Comet and the carpet retailer Carpetright have both slashed their dividends and posted tumbling sales and profits, as they warned of a bleak outlook for the retail market over the next year. Comet, which is owned by Kesa Electricals, posted a loss of 8.1m for...
Comet facing worst sales for a decade
- 2008-12-13
Briefing Comet, the UK electricals chain, could post its worst underlying sales for more than a decade on Tuesday, hammering home the parlous state of trading on the high street. Analysts at Credit Suisse expect Comet, owned by Kesa Electricals, to deliver like-for-like sales down by 13...
Comet's credit insurance cut back as crisis spreads
- 2008-11-15
Coface reduces insurance cover to some suppliers THE UK electricals chain Comet has become the latest big retailer to have its credit insurance scaled back, as the consumer recession and financial crisis gripping the retail sector spreads. Coface, one of the UK's biggest credit...
Steer clear of Kesa as long as downturn lasts
- 2008-10-07
Investment Column Our View: Sell Share Price: 105p (-7.25p) If Thierry Falque-Pierrotin makes new year resolutions, he will probably pray that Europe does not suffer one of its most severe retail slowdowns in living memory next year. This is because Mr Falque-Pierrotin, who...
DSG and Kesa shares hit by HSBC downgrade
- 2008-08-27
MARKET REPORT HSBC unsettled DSG International and Kesa Electricals yesterday, pouring scorn on the notion of a possible bid from Best Buy. The broker said the speculation was "fanciful", and said the recent strength in DSG and Kesa shares looked like "madness". "Why...
More than 100 Comet staff could lose jobs
- 2008-08-14
MORE THAN 100 store staff at Comet could lose their jobs as the UK electricals retailer cuts costs amid tough trading in the retail sector. The 250-store chain, which is owned by Kesa Electricals, is to make the post of store deputy manager redundant, and kicked off a...
Kesa defers share buy-back and predicts 'unstable market'
- 2008-06-25
Shares in Kesa Electricals, which owns Comet, tumbled to their lowest for five years after it warned about tough trading conditions and deferred its share buy-back programme. The electricals group's share price tumbled by 16.75p, or 9.6 per cent, to 157.75p - its lowest price since the demerger...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Jean-noel Labroue | CEO |
| Simon Fox | COO |
| Thierry Falque-Pierrotin | Chief Executive (Director) |
| Peter Wilson | Senior Independent Director (Director) |
| Simon Herrick | Finance Director |
| Andrew Robb | Non-Executive Director |
| Annabel Donaldson | Head of Communication |
| Bernard Dufau | Non-Executive Director (Non Executive Director) |
| Michel Brossard | Non-Executive Director (Non Executive Director) |
| NoEl Labroue | |
| Simon Enoch | Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| David Newlands | Chairman |
| Bemard Dufau | Board of Directors |
| Michael Brossard | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Kesa Electricals Plc | CEO | Current |
| Kesa Electricals Plc | Chief Executive, Kesa Electricals (Director) | Current |
| Kesa Electricals Plc | Board of Directors | Current |
| Northwestern University | Master of Science | Former |
| Organization | Position | Status |
|---|---|---|
| Kesa Electricals Plc | COO | Current |
Thierry Falque-Pierrotin was appointed Chief Executive of Kesa Electricals on 5 January 2009. He joined from PPR Group where he had been a member of the Executive Committee since 1997 and Chairman and Chief Executive Officer of its subsidiary Redcats, the world's third largest home shopping business for fashion and home decoration, since 2001. Thierry began his career at JP Morgan in New York and in Paris where he held different functions until 1987 when he joined Pallas Finance. He subsequently joined PPR in 1990 where he successively held different senior positions before being appointed Deputy CEO of Prisunic, the French store chain, and Chairman and CEO of Pinault Bois et Materiaux, the leading supplier of wood products and construction materials in France. Thierry completed his education at the French Business School ESSEC and Institut d'Etudes Politiques in Paris.
| Organization | Position | Status |
|---|---|---|
| Pinault Bois et Materiaux | CEO | Current |
| Kesa Electricals Plc | Chief Executive (Director) | Current |
| Organization | Position | Status |
|---|---|---|
| HarbourVest Partners, LLC | Managing Director | Current |
| Kesa Electricals Plc | Senior Independent Director (Director) | Current |
| Fortune Brands, Inc. | Non-Executive Director | Current |
| Make Poverty Business | Co-Author | Current |
| University of Manchester | Senior Lecturer | Current |
| Warburg Pincus, LLC | Current | |
| Somerfield PLC | Director | Current |
| Libra Advisory Group Limited | Board of Directors | Current |
| Fortune Brands, Inc. | Board of Directors | Current |
| Innovacom | Board Advisor | Current |
| Indigo Capital Limited | Board Advisor | Current |
| Kesa Electricals Plc | Board of Directors | Current |
| Nordic Capital | Board Advisor | Current |
| Gallaher Group Plc | Chairman and Chief Executive | Former |
| McKinsey & Company, Inc. | Strategy Consultant | Former |
| Strategos | Strategy Consultant | Former |
| The Boston Consulting Group, Inc. | consultant | Former |
| Monitor Group | Former | |
| Ebrd Co | Former | |
| The Gallaher Group | Former | |
| Harvard Business School | MBA | Former |
| University of Oxford | Law degree | Former |
| INSEAD | MBA | Former |
| McGill University | BA (with honors) | Former |
| University of Manchester | Bachelor's Degree In Mathematics | Former |
| University of Oxford | Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Kesa Electricals Plc | Finance Director | Current |
| Kesa Electricals Plc | Board of Directors | Current |
| PA Consulting Group | Chief Financial Officer | Former |
| London Stock Exchange plc | Group Financial Controller | Former |
| University of Durham | Masters Degree In Business Administration | Former |
| University of Newcastle upon Tyne | Degree In Microbiology | Former |
Mr Andrew Robb joined the board on 22 February 2007. Andrew is a non-executive director of Corus Group plc, Kesa Electricals plc, Laird Group plc and Paypoint plc. Andrew was Group Finance Director of Pilkington plc for 12 years and, prior to that, was Group Finance Director of P&O Steam Navigation Co. He is also Chairman of the Pilkington Pension Scheme Trustee. He is a Fellow of the Chartered Institute of Management Accountants.
| Organization | Position | Status |
|---|---|---|
| Northgate Information Solutions UK Ltd. | Non-Executive Director | Current |
| Paypoint Plc | Non-Executive Director | Current |
| Corus Group plc | Non-Executive Director | Current |
| The Laird Group plc | Non-Executive Director | Current |
| Kesa Electricals Plc | Non-Executive Director | Current |
| Corus Group plc | Chair of Board | Current |
| Paypoint Plc | Board of Directors | Current |
| Kesa Electricals Plc | Board of Directors | Current |
| The Laird Group plc | Board of Directors | Current |
| Pilkington plc | Group Finance Director | Former |
| Pilkington plc | Director | Former |
| Northgate Information Solutions UK Ltd. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Kesa Electricals Plc | Head of Communication | Current |
| Organization | Position | Status |
|---|---|---|
| Kesa Electricals Plc | Non-Executive Director (Non Executive Director) | Current |
| Kesa Electricals Plc | Board of Directors | Current |
| Pilkington plc | Group Finance Director | Former |
Michel Brossard was appointed Non-Executive Director of Kesa Electricals on 13 June 2003. Michel was General Manager of Philips E.G.P. until April 1999. Michel then moved to become General Manager of the Philips France Consumer Electronics Division where he stayed until January 2002. Michel has also served as Chairman of the French Electronics Manufacturers Syndicate. Michel graduated from the Institut d'Etudes Politique de Paris.
| Organization | Position | Status |
|---|---|---|
| Kesa Electricals Plc | Non-Executive Director (Non Executive Director) | Current |
| Kesa Electricals Plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Kesa Electricals Plc | Current | |
| Northwestern University | Master of Science | Former |
| Organization | Position | Status |
|---|---|---|
| Kesa Electricals Plc | Secretary | Current |
David Newlands was appointed as Non-Executive Chairman of Kesa Electricals on 13 June 2003 and is Chairman of the Nomination Committee. He became a partner at Deloitte and Touche London in 1977 and joined Saatchi & Saatchi plc in 1986 as Group Finance Director. Between 1989 and 1997 he was Group Finance Director of GEC plc. He is Non-Executive Chairman of Tomkins plc, and PayPoint plc. He is also a Director of several private companies.
| Organization | Position | Status |
|---|---|---|
| Kesa Electricals Plc | Chairman | Current |
| Tomkins PLC | Non-Executive Chairman | Current |
| Paypoint Plc | Non-Executive Chairman | Current |
| Saatchi & Saatchi | Group Finance Director | Former |
| Standard Life Assurance | Non-Executive Director | Former |
| Standard Life Assurance | Deputy Chairman | Former |
| Tomkins PLC | Board of Directors | Former |
| Standard Life Assurance | Board of Directors | Former |
| Kesa Electricals Plc | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Kesa Electricals Plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Kesa Electricals Plc | Board of Directors | Current |
Executive News
-
Kesa swings to loss, slashes dividend payout
-
UPDATE 2-Kesa says no recovery in its markets yet
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Kesa Electricals CEO: 1Q Trading In Line With Mgmt's Views
-
UPDATE 1-Kesa slumps to full-year loss, cuts div
-
Kesa Electricals Fiscal Year Profit -46%, Cuts Dividend; Focus On Costs, Cash
-
Kesa Electricals swings to fiscal-year net loss
-
In the know
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Kesa Electricals
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