Fnac Darty finalizes the acquisition of MediaMarkt in Portugal
September 28 2023 - 11:45AM
Fnac Darty finalizes the acquisition of MediaMarkt in Portugal
Ivry-sur-Seine, France —September 28, 2023
Fnac Darty finalizes the acquisition of
MediaMarkt in Portugal
Following approval by the relevant authorities,
Fnac Darty announces that it has finalized the acquisition of
MediaMarkt in Portugal, in accordance with the terms announced on
April 20, 2023, for completion on September 30, 2023.
MediaMarkt Portugal is a well-established
electronics retailer, operating 10 stores and a webshop, with
around 450 employees across the country. They offer an outstanding
range of household appliances and technical products, with a wide
range of references and a recognized service offering. In financial
year 2021-2022, MediaMarkt Portugal recorded sales of c. €140
million.
With this acquisition, Fnac Darty consolidates
its number 2 position in Portugal, a dynamic market for the Group.
The operation is an opportunity to accelerate growth in its
historic businesses, diversify and develop in the large and small
domestic appliances categories, as well as strengthen its services
and improve its global efficiency.
Enrique Martinez, Chief Executive
Officer of Fnac Darty, stated that: "We are very pleased
to finalize this acquisition in Portugal, a particularly dynamic
European territory, and to welcome today to the Fnac Darty Group,
450 new employees, experts in electronics and household appliances
segments. The acquisition of MediaMarkt enables our group to
consolidate our technological expertise and strengthen our sales
force to offer our Portuguese customers the most relevant range of
product and services. We are thus strengthening our distinctive
positioning to meet the challenges of purchasing power and
responsible consumption."
MediaMarkt's business in Portugal will be 100%
consolidated in Fnac Darty's accounts from October 1, 2023.
About Fnac DartyOperating in 13
countries, Fnac Darty is a European leader in the retail of
entertainment and leisure products, consumer electronics and
domestic appliances. The Group, which has more than 25,000
employees, had a multi-format network of 987 stores at the end of
December 2022, and is ranked as a major e-commerce player in France
(close to 24 million unique visitors per month on average) with its
three merchant sites, fnac.com, darty.com and
natureetdecouvertes.com. A leading omnichannel player, Fnac Darty’s
revenue was around €8 billion in 2022, 22% of which was realized
online. For more information: www.fnacdarty.com
CONTACTS
ANALYSTES /
INVESTORS Domitille
Vielle
domitille.vielle@fnacdarty.com
+33 (0)6 03 86 05
02
Laura
Parisot laura.parisot@fnacdarty.com
+33 (0)6 64 74 27 18
PRESSE
Audrey
Bouchard
audrey.bouchard@fnacdarty.com
+33 (0)6 17 25 03 77
- 20230928 _Fnac_Darty_PR_Closing acquisition MediaMarkt
Portugal
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