THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Interviews
Property
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Dixons to sell ElectroWorld business in Central Europe

Dixons Retail, the owner of Currys and PC World, has entered into an agreement to sell its ElectroWorld business in Central Europe to local electrical specialist NAY.

GENERAL MERCHANDISE

Dixons to sell ElectroWorld business in Central Europe

Dixons Retail, the owner of Currys and PC World, has entered into an agreement to sell its ElectroWorld business in Central Europe to local electrical specialist NAY.

The retailer said it expects to receive a small deferred cash consideration spread over three years from the disposal of Electroworld. The deal is expected to complete over the summer.

ElectroWorld operates 26 specialist electrical retail stores across Czech Republic and Slovakia. For the year to April 2014, the business generated a pre-tax loss of £5.6 million on turnover of £129 million.

Dixons Retail chief executive Sebastian James said: “I am very pleased that we have been able to secure a strong future for Electroworld who will be able to flourish as a part of the NAY Group in Central Europe. Following this transaction Dixons will be a market leader in every market in which it operates, delivering on one of our key strategic objectives."

Last week, Dixons Retail announced plans to merge with Carphone Warehouse in a £3.8 billion deal.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy