French bookshop chain Furet du Nord buys competitor Decitre
In France, the Furet du Nord chain of bookshops has confirmed it has bought its competitor the Decitre group, reports the Bookseller.
Based in the city of Lille, Furet du Nord claims the expanded group will now be the largest bookshop chain in France, with a total of 31 outlets and pre-tax sales of €150 million (A$238m).
The Furet du Nord chain had previously comprised around 20 stores, with most stores in northern France, some in the Paris region, and two in Belgium. The deal allows it to expand into southeastern France, with the takeover of Decitre adding 11 bookshops, plus an online retail site.
The retail group said in a statement that the deal will strengthen both brands’ B2B activity and online sales.
Category: International news