1. News
June 29, 2016

Clayton, Dubilier & Rice in talks to acquire 50% partnership in BUT furniture retailer

Private investment firm Clayton, Dubilier & Rice has entered into exclusive discussions to acquire French furniture retailer network BUT under a 50:50 partnership with WM Holding.

Private investment firm Clayton, Dubilier & Rice has entered into exclusive discussions to acquire French furniture retailer network BUT under a 50:50 partnership with WM Holding.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
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WM Holding is related to XXXLutz Group, which is a leading furniture retailer in Europe.

Following the consultation process with workers’ council and customary regulatory approvals, the transaction is likely to close in the second half of this year.

If the deal is completed, former Tesco CEO and senior CD&R funds adviser Sir Terry Leahy will assume a senior role, which could include the role of chairman of the board.

"Our proposed investment in BUT fits into this pattern perfectly and is consistent with our European investment strategy."

CD&R partner David Novak said: "CD&R’s reputation as a trusted partner with capabilities to successfully manage complex transactions has produced a number of compelling investment opportunities for the firm in recent years.

"Our proposed investment in BUT fits into this pattern perfectly and is consistent with our European investment strategy. We look forward to entering into a strategic partnership with XXXLutz to bring fresh operational and strategic insight, and synergies to take the company to the next level of profitable growth."

BUT CEO Frank Maassen said: "We support the project presented by this consortium composed of a leading PE player and a leading European retailer. We believe that this partnership would help accelerate the company’s growth and help its employees to prosper in the future.

"We look forward to working with them as we continue to deliver the quality, value, convenience and selection that our customers have come to expect."

A leading home equipment retailer in France, BUT operates through a network of 303 company and franchisee-owned stores.

Its outlets sell furniture, appliances and decorative accessories, as well as a range of electronics, with financing and extended warranty services.

Last year, BUT posted net revenues of €1.3bn.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.