Fnac Darty reinforces its ticketing offering - Exclusive negotiations to acquire Billetreduc.com


Ivry, January 17, 2019



Fnac Darty reinforces its ticketing offering
-
Exclusive negotiations to acquire Billetreduc.com

Fnac Darty announces that it is in exclusive negotiations with Lagardère Group for the acquisition of Billetreduc.com by its subsidiary France Billet, a specialist in cultural and entertainment ticket sales.

A leader in ticketing in France, with an offering of over 60,000 shows per year, France Billet has a strong territorial presence through a nationwide multi-channel and multi-banner distribution network. France Billet would offer, through this acquisition, a broader and more diversified ticketing offering, boosting its actions in favor of cultural diversity, the discovery of new talents and access to culture for all.

As a leading player in "last-minute" event ticketing in France, Billetreduc.com would provide France Billet with a complementary ticketing offering in the growing last-minute market, enabling it to capture a new audience and enhance its attractiveness to event organizers. With 2 million customers and nearly €8 million in revenues, its online platform is a benchmark for the theater sector and integrates more than 140,000 reviews per year.

Enrique Martinez, Chief Executive Officer of Fnac Darty, said: "Thanks to this acquisition, Fnac Darty is enabling France Billet to diversify and boost its ticketing offering in France, in a rapidly-evolving market. Ticketing is at the heart of our business and we wish to reinforce our cultural role as a key territorial player."

Fnac Darty plans to finalize the transaction in the first quarter of 2019.

CONTACTS
      

ANALYSTS/
INVESTORS 
Stéphanie Constand stephanie.constand@fnacdarty.com
+33 (0)1 55 21 18 63

 
  Adrien Brangier adrien.brangier@fnacdarty.com
+33 (0)1 55 21 84 41
PRESS Audrey Bouchard audrey.bouchard@fnacdarty.com
+33 (0)1 55 21 59 25
  Claire Fournon claire.fournon@fnacdarty.com
+33 (0)1 55 21 57 10

Ivry, Thursday, December 20, 2018


About Fnac Darty

Operating in twelve countries, Fnac Darty is a European leader in the retail of entertainment and leisure products, consumer electronics and household appliances. As of end of June 2018, the group, which has 26,000 employees, had a multi-format network of 748 stores, including 526 in France and is ranked France's second e-commerce site (nearly 20 million unique visitors per month) with its two retail websites, fnac.com and darty.com. A standard-setting omni-channel retailer, Fnac Darty posted pro-forma revenues of €7.4 billion in 2017.

 


Attachments

PRESS RELEASE IN PDF