China's JD.com Drives Fnac Darty Takeover Move -- Market Talk

Dow Jones01-26

1442 GMT - A friendly takeover bid for Fnac Darty by Czech Billionaire Daniel Kretinsky highlights how Chinese e-commerce company JD.com is increasing competitive pressure on smaller European retailers, Scope Ratings' Kevin Guillou writes in a note. Fnac Darty said it received a 1.05 billion-euro takeover proposal from Kretinsky's EP Group. The move comes months after Fnac Darty's other major shareholder, Germany's Ceconomy, was acquired by JD.com. This creates uncertainty over the French company's long-term prospects, he says. Chinese brands now view Europe as strategic, given saturated domestic markets and slower U.S. growth under new tariffs, he adds. Kretinsky's bid promises strategic focus and ownership stability for Fnac Darty, Guillou says. Shares in Fnac Darty rise 17% to 35.40 euros. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

January 26, 2026 09:42 ET (14:42 GMT)

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This creates uncertainty over the French company's long-term prospects, he says. Chinese brands now view Europe as strategic, given saturated domestic markets and slower U.S. growth under new tariffs, he adds. Kretinsky's bid promises strategic focus and ownership stability for Fnac Darty, Guillou says. Shares in Fnac Darty rise 17% to 35.40 euros. (najat.kantouar@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 26, 2026 09:42 ET (14:42 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's JD.com Drives Fnac Darty Takeover Move -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's JD.com Drives Fnac Darty Takeover Move -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-26 22:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1442 GMT - A friendly takeover bid for Fnac Darty by Czech Billionaire Daniel Kretinsky highlights how Chinese e-commerce company JD.com is increasing competitive pressure on smaller European retailers, Scope Ratings' Kevin Guillou writes in a note. 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Fnac Darty said it received a 1.05 billion-euro takeover proposal from Kretinsky's EP Group. The move comes months after Fnac Darty's other major shareholder, Germany's Ceconomy, was acquired by JD.com. This creates uncertainty over the French company's long-term prospects, he says. Chinese brands now view Europe as strategic, given saturated domestic markets and slower U.S. growth under new tariffs, he adds. Kretinsky's bid promises strategic focus and ownership stability for Fnac Darty, Guillou says. Shares in Fnac Darty rise 17% to 35.40 euros. 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