(News Bulletin 247) – The title Mr.Bricolage gained more than 5% on Tuesday on the Paris Stock Exchange, the group of DIY stores having announced a partnership project in purchasing with the British Kingfisher.
In a joint press release, Kingfisher France and Mr.Bricolage announced this morning that they had entered into exclusive negotiations with a view to signing a purchasing partnership agreement.
This agreement, which would result in the creation of a joint venture likely to be finalized in the second half of 2023, could lead to trade negotiations as early as 2024.
This partnership would aim to strengthen ties with common national and international suppliers, while offering them new business opportunities.
On the other hand, the brands plan to maintain their own commercial policies.
For the record, Kingfisher is present in France through the Castorama and Brico Dépôt brands, which employ more than 21,000 people at 218 points of sale.
Mr.Bricolage, which operates the Mr.Bricolage and Les Briconautes chains, has 903 points of sale in France.
Around 9:50 a.m., Mr.Bricolage shares climbed 5.3%, one of the best performances on the Parisian market in volumes already representing three times those of the entire day before.
At the same time, the SBF 120 gained 1.4%.
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