Discount Retailer Offloads Struggling German Arm

  • B&M European Value Retail sells German business for €12.5m
  • Jawoll has 89 stores in north west Germany
  • Sale expected to complete within 28 days or by 1 June 2020
  • Profits dropped 70% due to distribution issues and weak sales performance

B&M European Value Retail has completed the sale of its German subsidiary, Jawoll, to a consortium led by AC Curtis Salta for €12.5m following a strategic review. The business, which operates 89 stores in north west Germany, saw profits drop 70% due to distribution issues and weak sales performance. The sale is expected to be complete within the next 28 days or by 1 June 2020, subject to German competition authority clearance. B&M will continue trading from its 650 UK stores and around 100 in France.

Factuality Level: 9
Factuality Justification: The article provides accurate information about the sale of B&M European Value Retail’s German business to a consortium led by AC Curtis Salta. It includes details on the amount paid for the stake, the number of stores involved, and the expected completion date. The article also mentions the reasons behind the sale (drop in profits) and the conditions for the deal.
Noise Level: 3
Noise Justification: The article provides relevant information about a company’s decision to sell its German business arm due to financial difficulties and includes details on the sale transaction. It also mentions the impact of the sale on the company’s performance and future plans for other operations. However, it lacks in-depth analysis or exploration of broader trends or consequences.
Financial Relevance: Yes
Financial Markets Impacted: B&M European Value Retail’s German business disposal affects the company’s financial performance and its future operations. The sale involves a significant amount of money and is subject to regulatory approval.
Financial Rating Justification: The article discusses the sale of B&M European Value Retail’s German business, which impacts the company’s financial situation and has implications for the involved parties. It also mentions the conditions and timeline of the transaction, making it relevant to financial topics.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.retailsector.co.uk