Kingfisher outlines flow to combine subsidiaries to boost economies of scale but City remains unimpressed with planKingfisher,the owner of B&Q and Castorama in France, has unveiled a plan to boost profits by £500m a year and return £600m to shareholders.
There are nine separate operating companies within Kingfisher that the group said final year it would bring together. The idea is that the combined operation will benefit from economies of scale in its buying power and hopefully encourage create a more unique Kingfisher product range. Related: Australian DIY brand Bunnings to launch in UK after Homebase deal Continue reading...
Source: theguardian.com