News | France

Back

Acquisition of Bricorama by Bricomarché is perfect

Bricorama, Bricomarché

The French and Spanish Bricorama stores are to be taken over by competitor Bricomarché.

The acquisition announced in the summer in the French DIY market, which also covers pet products, is perfect: Bricomarché, the fourth-biggest DIY store chain in France, is to acquire Bricorama, currently ranked sixth. The value of the company has been put at 385 mio euros. Although contracts were signed on 29 November, the cartel authority still has to give its blessing.

The buyer is ITM Équipement de la maison, the home improvement division of the Les Mousquetaires Group, which runs the Brico Cash stores as well as its main distribution channel Bricomarché. ITM is to acquire 100 per cent of the French and Spanish operations of Bricorama (Bricorama France SAS and Bricorama Mediterranee SL) as well as its Asian sourcing office (Bricorama Asia Ltd), but not the real estate.

However, Bricorama will remain a franchisee of the Intergamma Group, continuing to run its Gamma and Karwei stores in Belgium and the Netherlands. The company will also still be listed on the stock exchange in the Euronext Growth (formerly Alternext) segment.

According to the company, annual sales are in the order of 500 mio euros. Including the discount format Batkor, Bricorama had a network of 103 stores at the end of 2016. With 503 stores (in 2016) Bricomarché/Brico Cash has the biggest store portfolio in France.

| 6 December 2017

SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Nicki Hamilton joins Radio Systems

Nicki Hamilton has been appointed EMEA sales director at Radio Systems (Petsafe). This is a newly created role designed to boost the company's sales View news...

Musti Group announces “pawternity” leave

Musti Group, the largest pet supply chain in the Nordic countries, will be offering the possibility of paid, three-day parental leave for employees View news...

High expectations in Shanghai

The Shanghai International Pet Food, Supplies & Pet Health Treatment Fair will take place at the Shanghai New International Expo Center from 13 View news...

The new PET worldwide is out

The latest issue of international trade magazine PET worldwide focuses on an extensive review of the world-leading Interzoo trade show. New trends, View news...

International Pet Conference

The pet business in the digital age

9/10 October 2018 Park Inn by Radisson Budapest

 Register now

Exhibitor portraits Interzoo 2018

A great atmosphere, interesting new products and plenty of opportunities for networking: Interzoo 2018 in Nuremberg met all the expectations of the international pet supplies sector.

Gallery

PET retailers from D, A, CH

Update now!


PET Handel
The unique work on the German retail pet shops. Essential information for successful marketing, sales and field service activities. Loose-leaf collection incl. folders and database CD.
Order now

Newsletter

Get the latest news about the PET industry weekly per email.

Just register