Following approval from the EU Competition Commission last month, Czech investment firm EP Group’s bid from January to increase their stake in France’s biggest bookselling chain Fnac Darty to take over control has now been finalized. EP Group is owned by Daniel Kretinsky, who also owns France’s second largest trade publishing group Editis. Kretinsky said in the announcement, “We see great value in Fnac Darty’s omnichannel, service-oriented model, the strength of its brands and its recognized expertise in retail, as well as its leading positions in France, Italy, Belgium, and Portugal, and its strong and growing presence in Spain and […]
