The B&Q owner is overhauling its French operations as part of a turnaround plan.
B&Q owner Kingfisher has revealed annual profits slumped by more than a quarter and warned over another steep fall in earnings this year as it overhauls its French arm to help revive its fortunes
Kingfisher, which owns the Screwfix chain and brands including Castorama and Brico Depot in France, said like-for-like sales tumbled by 5.9% in France and 7.7% elsewhere across Europe. Kingfisher announced a turnaround plan for its beleaguered French arm, including a store restructuring and shop revamp plan, to help boost its flagging performance in the region.
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