Connect to share and comment

Electricals retailer Darty put up for sale : paper

PARIS (Reuters) - France-based electrical goods retailer Darty Plc <DRTY.L> has been put up for sale, according to an advance snippet of an article to be published in the French daily Le Figaro on Monday. Le Figaro's report said that Goldman Sachs was managing the operation and that French retailer Carrefour <CARR.PA> had briefly considered buying the group. The full article was not available and the source of the information was not clear.

Knight Vinke says not hired banks regarding Darty stake

PARIS (Reuters) - Activist shareholder Knight Vinke said on Monday it had not hired banks to handle a possible sale of its 25 percent stake in electrical goods retailer Darty Plc <DRTY.L>. "Knight Vinke can confirm that it has not retained Goldman Sachs or anyone else with regard to its investment in Darty," a Knight Vinke spokeswoman in Paris told Reuters, declining to elaborate further.

Electricals retailer Darcy put up for sale - paper

PARIS (Reuters) - France-based electrical goods retailer Darty Plc <DRTY.L> has been put up for sale, according to an advance snippet of an article to be published in the French daily Le Figaro on Monday. Le Figaro's report said that Goldman Sachs was managing the operation and that French retailer Carrefour <CARR.PA> had briefly considered buying the group. The full article was not available and the source of the information was not clear.

UPDATE 1-Activist investor Eric Knight joins Darty board

* Darty appoints Knight as non-executive director * Knight's firm had demanded seat on Darty board last week Feb 22 (Reuters) - Darty Plc, Europe's third largest electrical goods retailer, bowed to the demands of its largest shareholder, activist investor Knight Vinke, and appointed its CEO to its board. Knight Vinke, which owns 25 percent of Darty, demanded a seat on Darty's board after the retailer issued a profit warning last week.

CORRECTED-Eric Knight to join Darty board

(Corrects name throughout to "Eric Knight" not "Knight Vinke"; adds he is founder of Knight Vinke.) Feb 22 (Reuters) - Darty Plc, Europe's third largest electrical goods retailer, appointed activist investor Eric Knight, founder of its biggest shareholder, to its board. Knight, whose investment company, Knight Vinke, owns 25 percent in Darty, demanded a seat on the firm's board after it issued a profit warning last week.

UPDATE 2-Knight Vinke demands seat on Darty board after warning

* Knight Vinke says Darty not showing any urgency * Darty likely to miss lower end of FY profit expectations * Acting CEO sees no pick-up in markets in 2013 * Q3 revenue down 2.5 pct, like-for-like sales down 0.5 pct * Shares down 6.5 percent (Adds detail, recasts lead, acting CEO, analyst comments, shares) By James Davey

Darty warns on year profit as sales trends soften

LONDON, Feb 15 (Reuters) - Europe's No. 3 electrical goods retailer Darty warned on year profit after sales trends softened at the end of its third quarter with markets becoming more promotional. "If these conditions continue then adjusted profit before tax for the year to April 30 2013 for the continuing group is unlikely to achieve the lower end of current market expectations," the firm said on Friday. It said the lower end was 30 million euros.

RPT-UPDATE 2-Welcome gift for Darty CEO could annoy investors

* Darty names BUT's Regis Schultz as new CEO * Schultz to join Darty on May 1 * Schultz annual salary 500,000 pounds, less than predecessor * To receive award of shares equivalent to salary * Shares flat By James Davey and Karen Rebelo

Darty appoints new chief executive

British electrical goods retail group Darty on Friday named Frenchman Regis Schultz, boss of French retailer BUT, as its new boss amid challenging times for the company. "Darty plc today announces the appointment of Regis Schultz as its new chief executive from 1 May 2013," said a statement from Darty, which was formerly known as Kesa Electricals. Schultz, 44, has been chief executive of BUT since 2008 and prior to this he held a number of senior positions at London-listed Kingfisher, which is Europe's biggest home improvements chain.

Darty appoints new chief executive

British electrical goods retail group Darty on Friday named Frenchman Regis Schultz, boss of French retailer BUT, as its new boss amid challenging times for the company. "Darty plc today announces the appointment of Regis Schultz as its new chief executive from 1 May 2013," said a statement from Darty, which was formerly known as Kesa Electricals. Schultz, 44, has been chief executive of BUT since 2008 and prior to this he held a number of senior positions at London-listed Kingfisher, which is Europe's biggest home improvements chain.
Syndicate content