Kingfisher, which owns the Screwfix chain and brands like Castorama and Brico Depot, reported a 25.1% slump in pre-tax profits to 568 million with a 5.9% fall in like-for-like sales in France.
It was a clear plan to take France to the next level and significantly improve the performance and profitability of Castorama, with plans to cut the space of some stores, having identified around a third of the 95-strong chain as the lowest performing.
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