BUT (retailer)
{{Short description|French retail store brand}}
{{Infobox company
| name = BUT
| type = Société par Actions Simplifiée
| foundation = 1972
| founder = Andre Venturini
| location_city = Émerainville,
Seine-et-Marne
| location_country = France
| industry = Retail
| products = furniture, home decoration, major appliances, small appliances, consumer electronics
| num_employees = 6500 employees in stores and 300 at headquarters
| revenue = € 1.8 billion{{Cite web|url=https://www.dailyfx.com/francais|title=Actualités & analyses du trading sur Forex|website=www.dailyfx.com}} (2010)
| homepage = {{URL|but.fr}}
}}
BUT is a French brand of retail stores specialized in home goods, including furniture, large and small appliances, and consumer electronics.
History
The BUT brand was created in 1972 by André Venturini in Le Havre, France. With his son Michel, he rapidly expanded his network by using franchising. In 1982, there were 140 BUT stores, and in 2015, 280.
In 1987, Carrefour became a major shareholder of BUT; it sold its shares in 1993. In 1997, BUT was bought by the English company Kingfisher,[http://www.planetebut.fr/chiffres-faits-marquants.html Histoire de BUT] owners of B&Q and Comet, which made it part of Kingfisher Electricals.
Since 31 March 2008, BUT has been owned to Decomeubles Partners, a company held by a consortium of Colony Capital, Goldman Sachs, and OpCapita.{{Cite web|url=https://www.lesechos.fr/2008/02/les-actionnaires-de-kesa-electricals-valident-la-cession-des-magasins-but-508029|title=Les actionnaires de Kesa Electricals valident la cession des magasins But|date=February 26, 2008|website=Les Echos}}
In November 2016, a 50/50 partnership between Austrian furniture retailer XXXLutz Group and Clayton, Dubilier & Rice acquired BUT.{{cite web |title=More News: Consumer/Retail Partnership Recapitalization Clayton, Dubilier & Rice Completes the Acquisition of BUT, France's Largest Furniture Retailer Network, in Partnership Transaction |url=https://www.cdr-inc.com/news/press-release/clayton-dubilier-rice-completes-acquisition-frances-largest-furniture-retailer |website=cdr-inc.com |access-date=2020-07-08 |date=2016-11-18}}
In July 2020, BUT acquired the French branches of Conforama.{{cite web |title=XXXLutz übernimmt französische Conforama |url=https://ooe.orf.at/stories/3057041/ |website=orf.at |access-date=2020-07-08 |language=de |date=2020-07-08}}
References
{{Reflist}}
External links
- [http://www.but.fr/ Official site]
{{Authority control}}