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.
[acq5.com, "Unieuro Acquires Andreoli" (http://www.acq5.com/post/unieuro-acquires-andreoli)]
The company, which reported net revenues of €1.66bln for the
fiscal year
A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many ...
ended February 28, 2017,
[Reuters, "BRIEF-Unieuro FY adj. net income up 41.3 pct at EUR 36.3 mln" (http://reuters.com/article/brief-unieuro-fy-adj-net-income-up-413-p-idUKFWN1IC10N)] debuted on
Borsa Italiana
Borsa Italiana, based in Milan, is the Italian stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.italy24.ils ...
(the Italian Stock Exchange), by listing on STAR Segment, on April 4, 2017 under the UNIR ticker.
[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)]
In 2017, Unieuro also announced and completed the acquisition of e-commerce operator Monclick S.r.l.
[Reuters, “Unieuro Completes Acquisition of Monclick” (http://reuters.com/article/brief-unieuro-completes-acquisition-of-m-idUKFWN1J60A5)] and of further 21 direct stores from Andreoli S.p.A. in Central Italy.
[Reuters, “BRIEF-Unieuro completes closing of acquisition of Andreoli unit” (http://reuters.com/article/idINL8N1IK0K3)]
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.
[italy24.ilsole24ore.com, “Private equity sets sights on the Italian retail industry” (http://www.italy24.ilsole24ore.com/print/AEbBkxOB/0?refresh_ce=1)]
In 2013, SGM Distribuzione signed an agreement with
Dixons Retail
Dixons Retail plc was one of the largest consumer electronics retailers in Europe. In the United Kingdom, the company operated Currys, Currys Digital, PC World (with stores increasingly dual branded 'Currys PC World'), Dixons Travel and its ser ...
to acquire the old-Unieuro, an independent Italian electronics and domestic appliances retailer founded in 1967,
[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/)] which Dixons took over in 2001.
[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/)]
As a result of the transaction, former Unieuro business merged into SGM/Marco Polo-Expert,
[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/)] 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
Euronics International Ltd. is an international association of over 11,000 independent electrical retailers in 37 countries. It functions as a leading international electrical retail group on behalf of its members, and is based in Amsterdam
...
.
On April 6, 2021,
Iliad SA
Iliad S.A. is a French provider of telecommunication services. It is based in Paris and its operations comprise fixed and mobile telephony services, prepaid phone cards and internet access providing and hosting services. The company was founde ...
became the first shareholder of Unieuro following the acquisition, through Iliad Holding S.p.A. and Iliad S.A., of a company share close to 12%.
References
External links
* {{Official website, http://unieurospa.com/en/_home/, Official corporate website
Companies of Italy
Retail companies of Italy
Retail companies established in 1937
Italian companies established in 1937