Takeover in France

The French DIY retailer Mr. Bricolage is taking over the Les Briconautes and Les Jardinautes sales channels with their 178 outlets (332 000 m²) and sales of € 365 mio. This acquisition, which is subject to approval by the competition authorities, will result in the Mr. Bricolage Group becoming the third-largest DIY retailer in France with some 700 stores (50 of them abroad), a retail area in excess of 1.6 mio m² and a sales volume of € 2.2 bn.