Kingfisher struggles to sell Russian and Iberian operations

Kingfisher veronique laury

Kingfisher’s exiting chief executive Véronique Laury is struggling to sell its Russian and Iberian arms of the business before she steps down later this month.

Kingfisher said last November it would exit from Russia, Portugal and Spain to concentrate on markets in the UK, France and Poland.

In an ongoing effort to turn the struggling business around before she exits, Laury has struggled to offload the Russian and Iberian operations, a source close to the process told The Financial Times.

“It has proved a lot more tricky than they expected,” said one source.

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