Category: Kesa Electricals

It would appear that DSG is not the only major electricals retailer that is struggling with the current market conditions as it is reported that more than 100 store staff at Comet could lose their jobs as the UK electricals retailer cuts costs amid tough trading in the retail sector. The Comet ch…

Ruter report that electricals retailer Kesa (Comet) will carry out a share buyback but it is too soon to detail the structure of the deal, Chief Executive Jean-Noel Labroue said on Wednesday.

Electricals retailer Kesa, which owns Comet in Britain, is selling its French BUT chain in a £410m private equity deal. The buyer is Decomeubles Partners SAS, a company backed by a consortium made up of Colony Capital, Goldman Sachs and Merchant Equity Partners. The deal is expected to be c…

Electrical goods retailer Kesa posted a 1.7% rise in underlying Christmas sales on Thursday, as demand for laptops and flat-screen televisions was offset by weak sales of fridges and washing machines. The group, which runs French market leader Darty and British number two Comet, said trading cond…

Kesa Electricals, who own Comet in the UK, has signed an agreement to acquire Electrodomesticos Menaje Del Hogar Sociedad Anonima (“EMH”), a Spanish specialist electrical retailer, from funds controlled by Impala Capital Partners and the Perez family. The consideration is €100 million in cash…

Kesa Electricals, the retailer that owns the Comet chain, this morning reported better than expected second quarter sales figures after more people snapped up fridges and washing machines. Shares in Kesa rose by 4pc to 335p in early trading as the market reacted positively to the update.

Kesa Electricals said it had received a number of approaches for its French furniture and electrical chain BUT, sending the British retailer’s shares up 7 percent. Kesa said in a statement the approaches were at “very early stages of being evaluated and there can be no certainty that a transactio…

Strong demand for flat screen televisions and satellite navigation systems drove profits higher at Kesa Electricals, owner of the Comet retail chain. Pre-tax profits at the group jumped 15.4% to £165.4m in the year ending January 31. Profits from Comet, which is partway through a store refu…

Sales at electricals chain Comet jumped by more than 7% over Christmas and the New Year, outstripping the disappointing performance reported yesterday by rival Currys. Owned by Kesa, Europe’s third-largest electrical goods retailer, Comet trades from 250 stores and said it had enjoyed strong sale…

It would appear, from trawling through the reports, that Kesa Electrical (the parent of the Comet and Darty chains) is up for grabs. If you happen to have a couple of billion pounds to spare that is. But it appears that there is continued speculation as to the future of the formerly Kingfisher ow…