Articles about Kesa Electricals

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Comet can't sell anything, including itself

Kesa Electricals has vowed to determine the future ownership of UK subsidiary Comet before Christmas, having failed so far to flog the business to interested parties. The European retailer today filed numbers for its fiscal first quarter – from the start of May to the end of July – with group sales down 10 per cent. However …
Paul Kunert, 15 Sep 2011
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Hungry bidders pick up Comet's blood trail

Restructuring specialists and private equity investors are among the suitors bidding to acquire flagging UK retailer Comet. According to reports in The Sunday Times, US investment house Gordon Brothers and Op Capita, one-time owner of Habitat and MFI tabled offers last week as the first round of the divestment process began. …
Paul Kunert, 25 Jul 2011
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Major Comet investor backs sale

Major Kesa Electricals' shareholder Knight Vinke will back the proposed sale of ailing retailer Comet providing it can be signed and sealed quickly with a decent return for investors. According to reports last weekend, the near 20 per cent stakeholder asked Comet parent Kesa to shelve plans to flog the business, which reported …
Paul Kunert, 6 Jul 2011
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Comet in bad way after big losses

Comet is consolidating warehouses, service centres, shedding jobs at HQ and setting plans in motion to close or flog a load of stores after reporting substantial losses today. The UK arm of parent Kesa Electricals saw sales drop nearly seven per cent in constant currency to €1.8bn (£1.53bn) and posted losses of €10.3m (£8.9m) …
Paul Kunert, 22 Jun 2011
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Comet owner boosted by closure rumours

Kesa Electricals – the owner of Comet – has seen its shares jump almost 8 per cent today, on rumours that it may close the UK chain Comet and return to its roots in France. Kesa said last week that UK trading had been poor, while French revenue, through the Darty chain, was up 5 per cent despite the downturn. Group like-for- …
John Oates, 16 May 2011

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