Kingfisher Moves to Acquire Mr. Bricolage

Kingfisher, one of Europe's largest home improvement retailer, has entered a bid to purchase French-based home improvement retailer Mr. Bricolage. Kingfisher, owner of the UK-based B&Q chain as well as French chains Castorama and Brico Depot, gives the company a key piece in its competition with Groupe Adeo, owner of the Leroy Merlin chain. The Competition Authority in France still needs to review the bid which could take until 2015.