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Fnac Darty

#5659

Rank

$967.34M

Marketcap

FR France

Country

Fnac Darty
Leadership team

Mr. Enrique Martinez (CEO & Director)

Mr. Jean-Brieuc Le Tinier (Chief Financial Officer)

Francois Gazuit (Operations Director)

Products/ Services
E-Commerce, Electrical Distribution, Photography, Product Design, Product Search, Service Industry
Number of Employees
20,000 - 50,000
Headquarters
Ivry-sur-seine, Ile-de-France, France
Established
1957
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
FNAC.PA
Social Media
Overview
Location
Summary
Fnac Darty SA engages in the retail of entertainment and leisure products, consumer electronics, and domestic appliances in France and Switzerland, Belgium and Luxembourg, and the Iberian Peninsula. The company offers consumer electronics, including desktop computers, laptops, tablets, software, printers, e-readers, telephones and office products, and accessories, as well as various connected products; cameras and photography accessories; televisions and video accessories, such as DVD players, Blu-Ray players, and other accessories; and audio items and accessories comprising MP3 players, headphones, docking stations, and related accessories. It also provides editorial products that include hard copy and digital books; discs comprising music CDs, and video DVDs, and Blu-Ray discs; video games and gaming consoles; and gadgets, T-shirts, musical instruments, and others. In addition, the company offers refrigerators/freezers, cooking equipment, dishwashers, and washing machines/dryers; vacuum cleaners, food processors, and body care and water/air treatment appliances; and kitchen units, home and design products, games and toys, urban mobility, stationery, and wellbeing products. Further, it provides warranty extension, product insurance sale, repair-related subscription sale, after-sale, and delivery and installation services; rental services for consumer electronics and delivery services; ticketing and gift boxes; and membership cards for the company's loyalty programs. The company sells its products through its stores and e-commerce websites. It operates 957 points of sale, including 390 franchises. The company was founded in 1954 and is headquartered in Ivry-sur-Seine, France.
History

In 1957, the Darty family – the father and his three sons, Natan, Marcel and Bernard – managed a small store of textiles. The Darty brothers started to sell stock and, to attract customers, they left the goods on the pavement. Within a few days, the stock was sold. In 1967, the Darty brothers transferred to a larger warehouse.

In 1988, the company proceeded with the repurchase of the business by its employees through a management buyout. The operation was a success, since 90 per cent of employees participated, taking control of 56 per cent of the capital. By the end of 1988, Darty had opened its 100th store. In 1993, Darty was acquired by Kingfisher plc, which integrated Darty and Comet into a European entity based in Paris: Kingfisher Electricals S.A. .

In 1999, Darty opened up a commercial internet site. This entity increased in size through acquisitions and by the beginning of 2003 included Darty and But in France, Comet in the United Kingdom, BCC in the Netherlands, Vanden Borre in Belgium and Datart in the Czech Republic and Slovakia. In 2006, Darty launched DartyBox, an ADSL internet, television and telecommunications provider based on the network of French internet operator Completel.The company was demerged from Kingfisher plc in 2003. In July 2007, the company bought Menaje Del Hogar, an electrical retail chain based in Spain. On 6 July 2009, the company sold its Swiss operation. In 2012, the company completed the sale of Comet Group, which they sold for £2 to OpCapita, and paid the purchaser a sweetener of £50 million to take the loss-making venture away.In 2012, Kesa Electricals was renamed Darty plc. In March 2014, Darty launched its own marketplace that lists products and services from Darty and third-party vendors. In November 2015, Darty plc reached an agreement to merge with the French retailer Fnac.In 2016, Darty announced it had instead agreed to be purchased by Steinhoff International for £673 million through Steinhoff's Conforama subsidiary. Fnac returned with a higher offer, resulting in a bidding war between Fnac and Conforama during April 2016. The Fnac offer was declared unconditional on 19 July 2016, thereby allowing the takeover to be completed.In 2019, Fnac Darty acquired Natures & Decouvertes, an outdoor, nature and well-being goods specialist.

Mission
Fnac Darty's mission is to provide customers with unparalleled convenience and expertise in all of our consumer electronics and leisure products, with a focus on information, entertainment, and community.
Vision
Fnac Darty's vision is to make technology affordable, reliable and accessible to everyone, in a safe and secure environment.
Key Team

Ms. Stephanie Laval (Investor Relations & Financial Communication Director)

Cecile Trunet-Favre (Director of Communications & Public Affairs)

Mr. Samuel Loiseau (Director of Client, Marketing & Bus. Devel.)

Ms. Tiffany Foucault (Director of HR)

Ms. Frédérique Giavarini (Group's Gen. Sec. and MD of Nature & Decouvertes)

Ms. Annabel Chaussat (Managing Director of Fnac Spain)

Mr. Charles-Henri de Maleissye (Chief Exec. Officer of Fnac Vanden Borre in Belgium)

Recognition and Awards
Fnac Darty holds the distinction of serving 20 million customers a year, being recognised as one of France’s top retail companies, and listed on the CAC 40 stock market.
References

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Fnac Darty
Leadership team

Mr. Enrique Martinez (CEO & Director)

Mr. Jean-Brieuc Le Tinier (Chief Financial Officer)

Francois Gazuit (Operations Director)

Products/ Services
E-Commerce, Electrical Distribution, Photography, Product Design, Product Search, Service Industry
Number of Employees
20,000 - 50,000
Headquarters
Ivry-sur-seine, Ile-de-France, France
Established
1957
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
FNAC.PA
Social Media