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Managerial Finance and Accounting - Case Study: Kingfisher Plc - Essay Example
Author : swiftgerardo
Finance & Accounting
Pages 7 (1757 words)
Case Study – KINGFISHER PLC Table of Content Kingfisher plc – The Company 3 Background of the Company 3 Strategy 3 Brands 4 Customers 4 Market 4 Financial Statements 4 Use of Financial Statements by Organizations 4 Strengths of Kingfisher plc 5 Weakness of Kingfisher plc 6 Financial Analysis of Kingfisher plc 7 Recommendation and Conclusion 8 References 9 Appendix KINGFISHER PLC Background Kingfisher originated in the year of 1982…
The chain of Comet electrical was bought by the company in 1984 followed by buying stores of Superdrug health and beauty in 1987”. (Kingfisher, 2011) In the meantime, B&Q was expanding its out of town appearance in order to become the leader of home development retailers around UK. “In 1990s, Kingfisher attempted to continue its expansion of retail businesses. With the beginning of bigger Warehouse styled stores designed in 1994, B&Q developed speedily. In 1994, home improvement zone expanded internationally. In 1998, France’s foremost retailer of home improvement as well as the owner of a fast growing but smaller in size, known as the Brico Depot chain merged with B&Q”. (Liow K., 1997) In 1999, B&Q managed to open its first store in China. “Various other mergers in that year included buying of French electrical chain and Darty by Kingfisher in 1993. Additionally, Kingfisher bought Screwfix, the catalogue and e-commerce seller of fixings and screws in 1999. In the year of 2001, Woolworths was separated and Superdrug was sold. In 2002 the left over stake in Castorama was obtained for creation in Europe of leading home improvement retailer”. ...