AI assistant
Fnac Darty — M&A Activity 2019
Jan 17, 2019
1336_iss_2019-01-17_b67203eb-8afc-4038-8d55-8583223e662a.pdf
M&A Activity
Open in viewerOpens in your device viewer
Fnac Darty reinforces its ticketing offering
- Exclusive negotiations to acquire Billetreduc.com
Fnac Darty announces that it is in exclusive negotiations with Lagardère Group for the acquisition of Billetreduc.com by its subsidiary France Billet, a specialist in cultural and entertainment ticket sales.
A leader in ticketing in France, with an offering of over 60,000 shows per year, France Billet has a strong territorial presence through a nationwide multi-channel and multi-banner distribution network. France Billet would offer, through this acquisition, a broader and more diversified ticketing offering, boosting its actions in favor of cultural diversity, the discovery of new talents and access to culture for all.
As a leading player in "last-minute" event ticketing in France, Billetreduc.com would provide France Billet with a complementary ticketing offering in the growing last-minute market, enabling it to capture a new audience and enhance its attractiveness to event organizers. With 2 million customers and nearly €8 million in revenues, its online platform is a benchmark for the theater sector and integrates more than 140,000 reviews per year.
Enrique Martinez, Chief Executive Officer of Fnac Darty, said: "Thanks to this acquisition, Fnac Darty is enabling France Billet to diversify and boost its ticketing offering in France, in a rapidly-evolving market. Ticketing is at the heart of our business and we wish to reinforce our cultural role as a key territorial player."
Fnac Darty plans to finalize the transaction in the first quarter of 2019.
CONTACTS
| ANALYSTS/ INVESTORS |
Stéphanie Constand | [email protected] +33 (0)1 55 21 18 63 |
|---|---|---|
| Adrien Brangier | [email protected] +33 (0)1 55 21 84 41 |
|
| PRESS | Audrey Bouchard | [email protected] +33 (0)1 55 21 59 25 |
| Claire Fournon | [email protected] +33 (0)1 55 21 57 10 |
About Fnac Darty
1 Operating in twelve countries, Fnac Darty is a European leader in the retail of entertainment and leisure products, consumer electronics and household appliances. As of end of June 2018, the group, which has 26,000 employees, had a multi-format network of 748 stores, including 526 in France and is ranked France's second e-commerce site (nearly 20 million unique visitors per month) with its two retail websites, fnac.com and darty.com. A standard-setting omni-channel retailer, Fnac Darty posted pro-forma revenues of €7.4 billion in 2017.