Kingfisher now to remain in Spain and Portugal


Kingfisher has reversed its decision from November 2018 to leave Spain and Portugal. The full year results of financial year 2019/2020 state: "We have reviewed the original decision to exit Iberia and believe we can build a profitable, sustainable business under the Brico Dépôt banner. In normal business conditions, the business is profitable and not a burden on group resources (capital or management)." In contrast, the British DIY group maintains its decision to withdraw from Russia.