A 600 million euro oxygen balloon. Like Fnac-Darty, the British group Kingfisher has just obtained a loan guaranteed at 80% by the State for its French brands Castorama and Brico Dépôt.
Read also: The State supports Fnac-Darty
It will allow the DIY specialist “ to approach the period which opens with confidence, while significant uncertainties remain over the coming months in the face of this unprecedented situation , explains Béatrice Martin, the group's financial director for France. This loan is granted to us when the peak of the crisis has passed. It will help restart our activity. We are counting on the further development of our digital sales ”. Kingfisher is also on the verge of obtaining a similar loan in England, the amount of which is not yet known.
In France as across the Channel, the DIY stores of Kingfisher were part of the "essential" activities authorized to remain open. The group has nevertheless chosen, like many of its competitors, to close in a
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