Kingfisher Backs Midterm Views for French Business Ahead of Restructuring

Kingfisher has announced plans to simplify its business organization in France in order to improve the performance and profitability of its Castorama and Brico Deppt stores. The home-improvement retailer is supporting its medium-term retail profit margin target for France, which is expected to be around 5% to 7%. The move is part of Kingfisher’s efforts to streamline its operations and achieve its financial goals in the country.