Castorama to exit Germany

Kingfisher announced that it intends to close its loss-making six store German subsidiary, Castorama Deutschland GmbH, as part of the Group’s previously announced review of its international home improvement operations. Discussions have begun with the central works council to agree the overall process for closure and plans for the 391 strong workforce. The closure is expected to take around eight months to complete during which time every effort will be made to sell individual stores to minimise the loss of jobs, Kingfisher sais.