In April 2013, Kingfisher paid GBP35 million (EUR41.5 million) for the acquisition of 15 Bricostore stores in Romania from France’s Group Bresson. The group also acquired debt of GBP35 million with the business, which was settled immediately, and took over cash of GBP7 million with Bricostor Romania, the company said.
The company added it was considering expanding the network to 50 stores in the longer-term.
Bricostore stores in Romania registered sales of EUR131 million in 2012.
Brico Dépôt officials did not provide information on the 2013 financial results or the 2014 estimations for the Romanian units.
Kingfisher, the largest do-it-yourself retailer in Europe, operates about 1,080 stores in nine countries in Europe and China. Its main brands are B&Q, Castorama, Brico Dépôt and Screwfix.
Its rivals on the Romanian DiY market are Ambient, bauMax, Dedeman, Hornbach, Leroy Merlin, Mr. Bricolage, OBI, Praktiker.