Unieuro

Unieuro S.p.A. is the largest Italian retailer of consumer electronics and household appliances by number of outlets, with a network of 460 stores throughout Italy[1].

Unieuro S.p.A.
Public company
IndustryRetail
Founded1937
FounderPaolo Farinetti 
Headquarters
Monticello d'Alba 
,
Italy 
Key people
Giancarlo Nicosanti Monterastelli (CEO)
ProductsBrown goods
White goods
Telecommunications
Information technology
Cameras
Consumer Electronics
Revenue€1.66 Bln (FY 2017)
Number of employees
3,900 (FY 2017)
Website

The Company, which reported net revenues of €1.66bln for the fiscal year ended February 28, 2017[2], debuted on Borsa Italiana (the Italian Stock Exchange), by listing on STAR Segment, on April 4, 2017 under the UNIR ticker[3].

In 2017, Unieuro also announced and completed the acquisition of e-commerce operator Monclick S.r.l.[4] and of further 21 direct stores from Andreoli S.p.A. in Central Italy[5].

History

Led by CEO Giancarlo Nicosanti Monterastelli, Unieuro S.p.A. formerly traded as “SGM Distribuzione”, a company that has been controlled by private equity fund Rhone Capital since 2005 and that operated under the “Marco Polo-Expert” brand name in Italy[6].

In 2013, SGM Distribuzione signed an agreement with Dixons Retail to acquire the old-Unieuro, an independent Italian electronics and domestic appliances retailer founded in 1967[7], which Dixons took over in 2001[8].

As a result of the transaction, former Unieuro business merged into SGM/Marco Polo-Expert[9] under the renewed brand-name of Unieuro S.p.A. In October 2017, It was reported that Unieuro entered into a contract to acquire Cerioni Group branch company consisting of 19 direct stores, currently operating under the brand Euronics.[10]

References
  1. acq5.com, "Unieuro Acquires Andreoli" (http://www.acq5.com/post/unieuro-acquires-andreoli)
  2. uk.reuters.com, "BRIEF-Unieuro FY adj. net income up 41.3 pct at EUR 36.3 mln" (http://uk.reuters.com/article/brief-unieuro-fy-adj-net-income-up-413-p-idUKFWN1IC10N)
  3. mondovisione.com, "Unieuro Debuts Today on the Star Segment of Borsa Italiana" (http://www.mondovisione.com/media-and-resources/news/unieuro-debuts-today-on-the-star-segment-of-borsa-italiana-the-company-raised)
  4. uk.reuters.com, “Unieuro Completes Acquisition of Monclick” (http://uk.reuters.com/article/brief-unieuro-completes-acquisition-of-m-idUKFWN1J60A5)
  5. uk.reuters.com, “BRIEF-Unieuro completes closing of acquisition of Andreoli unit” (http://uk.reuters.com/article/idINL8N1IK0K3)
  6. italy24.ilsole24ore.com, “Private equity sets sights on the Italian retail industry” (http://www.italy24.ilsole24ore.com/print/AEbBkxOB/0?refresh_ce=1)
  7. gcmagazine.co.uk, "Dixons, Unieuro and Marco Polo For New Electrical Retailer Group For Italian Market" (http://gcmagazine.co.uk/dixons-unieuro-and-marco-polo-form-new-electrical-retailer-group-for-italian-market/)
  8. trust net.com, “Dixons Acquires 24% of Italy's Leading Independent Electrical Retailer And An Option To Acquire The Balance” (https://www.trustnet.com/Investments/Article.aspx?id=200111270701367365N/)
  9. theretailbullettin.com, “Dixons completes deal to merge Unieuro with Marco Polo” (https://www.theretailbulletin.com/news/dixons_completes_deal_to_merge_unieuro_with_marco_polo_02-12-13/)
  10. "Unieuro rileva 19 negozi Euronics". October 5, 2017. Retrieved October 16, 2017.
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