On January 26, 2026, Czech billionaire Daniel Kretinsky announced a significant move in the European retail landscape. Kretinsky, through his company EP Group, has launched a public offer to acquire French retailer Fnac Darty, proposing an offer price of €36 per share. This strategic acquisition is part of Kretinsky’s broader plan to secure a controlling stake in the electronics and cultural products giant, aiming to prevent any potential threats from competitors, particularly the Chinese firm JD.com.
Kretinsky's interest in Fnac Darty is not new. He has been gradually increasing his stake in the company over the past few years, and this latest move is a culmination of his efforts to gain majority control. The proposed takeover is valued at 1.1 billion euros, a testament to the financial clout and ambition of Kretinsky. The board of directors of Fnac Darty has welcomed the offer, recognizing the potential benefits it could bring to the company.
Despite the friendly nature of the takeover bid, the move has sparked discussions about the potential impact on the market. Kretinsky’s actions are being closely watched by industry analysts and competitors alike, as he continues to expand his influence in the European retail sector. His acquisition of Fnac Darty could have significant implications for the retail industry, potentially reshaping the competitive landscape and influencing consumer behavior.
This acquisition is part of a larger trend of European retail consolidation, as major players seek to strengthen their market positions in the face of increasing global competition. Kretinsky’s strategy involves not only expanding his portfolio but also ensuring that his investments are well-protected from external threats. With Fnac Darty under his control, Kretinsky aims to maintain its market leadership and prevent any potential hostile takeovers by rivals.
