The Channel logo

News

By | Team Register 13th April 2006 10:23

DSG snaps up Euro photo etailer

Snaps up, geddit?

DSG international (Dixons to you and me) has snapped up a 75 per cent stake in European etailer Fotovista Group for €266m (£185m).

Fotovista is the Paris-based parent company of Pixmania, which flogs digital camera stuff and other consumer electronics products in 25 European countries.

Its operations also include online digital photo services, a 250 store-based franchised photographic operation in France, and specialist photography services in France and Belgium.

In the year to the end of March 2005 Fotovista generated consolidated sales of €354.1m and an underlying profit before interest and tax of €6.2m.

In a statement announcing the deal the UK retailer said the acquisition of Fotovista brings a "fast growing, profitable and highly respected etailer of digital photographic and consumer electronics products with established operations throughout Europe" into the DSGi group.

The deal forms part of DSGi's international expansion programme as it looks to enter new overseas growth markets. ®

alert Send corrections

Opinion

Microsoft Surface bomb
Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that