Fnac Darty SA (FNAC.PA)
8 Dec 2017
Tue, Dec 5 2017
* CEO hopes purchasing alliance with Carrefour to be sealed soon
PARIS French retailers Carrefour and Fnac Darty will team up for purchases of domestic appliances and consumer electronics in France as Carrefour seeks to cut costs and boost earnings, the companies said on Tuesday.
* Deal follows recent retail sector alliances amid Amazon threat
PARIS, Dec 5 French retailers Carrefour and Fnac Darty announced a purchasing partnership for domestic appliances and consumer electronics in France, as Carrefour undertakes plans to cut costs in order to boost its earnings.
PARIS, Dec 4 French consumer electronics retailer Fnac Darty on Monday said it banked on merger synergies and its ability to deliver sales growth above that of its markets to lift its operating margin to between 4.5 and 5 percent mid-term from 2.7 percent in 2016.
PARIS French retailers Carrefour and Fnac Darty are discussing an alliance to negotiate better terms when purchasing from electronics suppliers, French finance website BFM Business reported on Friday.
* Alliances in French retail sector accelerating (Adds Carrefour, Fnac Darty share reaction, analyst comments)
Oct 19 French music and book retailer Fnac Darty said on Thursday it now expects to realise a larger proportion of cost savings this year from its merger with Darty.
* SAYS AT LEAST 60 PERCENT OF EUR 130 MILLION IN SYNERGIES TO BE GENERATED BY END 2017
PARIS New Carrefour boss Alexandre Bompard has turned to a former colleague from Fnac Darty to be his finance chief as he strives to revive the world's second-biggest retailer.