Facing pressure from China’s JD.com, Kretinsky launches a takeover bid on Fnac-Darty

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On January 26, Fnac Darty (unaudited 2025 revenue: €10.3 billion, up by 0.7% on a like-for-like basis) announced the launch of a public takeover bid by Daniel Kretinsky. The Czech billionaire and the group’s main shareholder (with 28.5% of the capital via his holding company Vesa Equity Investment) aims to become the majority shareholder. The objective is to strengthen control against the second-largest shareholder, German group Ceconomy with 21.9% of the capital. As a reminder, Ceconomy is bei

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