Completion of merger

The merger between Mr. Bricolage and the Tabur Group was accomplished on 1 October 2002 as announced. On the previous day a mixed shareholders’ meeting had approved the action. Taking the figures issued at the end of the year 2001 as a working basis, the result includes a network of almost 600 outlets, sales of more than € 1.5 bn and a purchasing volume of around € 1 bn. According to statistics from the trade association Unibal, the market share amounts to 13.5 per cent. Only the Mr. Bricolage, Catena and Super Catena retail formats will continue to exist in the new group. The 60 sales outlets under the Bricogite and B3 Bricolage names are to be converted to the Mr. Bricolage format in the course of the coming year. Maurice Vax continues as president of the board and Hervé Courvoisier as director, a position that Michel Tabur, who is vice president as well, now also holds on the new executive board.
Pre-merger*
New network
Mr. Bricolage
Tabur
Groupe Mr. Bricolage**
Brands
Mr Bricolage
Catena, Super Catena, B3 Bricolage, Bricogite
Mr Bricolage, Catena, Super Catena
Number of stores
350
243
Scarcely 600
Turnover
€ 1.137 bn
€ 428 mio
More than € 1.5 bn
Purchasing volume
€ 700 mio
€ 300 mio
Scarcely € 1 bn
Market share***
9.8 %
3.7 %
13.5 %
* Figures as at 31.12.2001; ** Estimate for 2002; *** Source: Unibal 2001