VESA Equity Investment announces crossing of the 5% shareholding threshold in Fnac Darty
22. 2. 2022
VESA Equity Investment (VESA) announces crossing of the 5% shareholding threshold in Fnac Darty, the French based leading omnichannel retailer in entertainment & leisure products, consumer electronics and domestic appliances.
Through this latest addition within our retail distribution pillar, VESA continues execution on the strategy to further diversify the investment portfolio with attractive long-term opportunities. Fnac Darty, with its reputable brand and customer recognition, enjoys a very strong position on its home French market, solid position in Benelux or Iberia and growth opportunities internationally. Our investment thesis is centered around Fnac’s truly developed omnichannel proposition combining a great mix of retail locations together with strong digital and innovative services offering for its customers.
We particularly appreciate and fully support the quality leadership team of Fnac Darty who demonstrated solid financial discipline and capability to react on various market developments in the past years.