Developing Employees As Organisational Assets

Total Page:16

File Type:pdf, Size:1020Kb

Load more

Developing Employees as Organisational Assets

  • The Person Specification

commercial and afterwards in key functions

The Kingfisher Management

  • How KMDS is evolving
  • Recruitment

INTRODUCTION

The Group requires from prospective KMDS trainees:

Kingfisher plc is one of Europe’s leading retailers based around three main sectors - DIY, electrical and general merchandise. The company employs over 130,000 people in 2,900 stores across 15 countries and has some of the best known retail brands in Europe, including B&Q, Castorama, Comet, Darty, BUT, Woolworths and Superdrug among others. This case study focuses on Kingfisher’s belief that employees are assets requiring growth and development. Through the KMDS – Kingfisher Management Development Scheme – the company aims to produce managers with a sense of loyalty and pride in the organisation as a whole, as well as the flexibility to adapt to differing business cultures. Whilst the KMDS has been designed to recruit external graduates to the Group, it is now being adapted to recruit the best internal candidates as well.

The KMDS was launched in 1995 and today has 172 individuals on the scheme working across the Group. All individuals following the KMDS route joined in their early 20s. Recently Kingfisher has recognised that there are benefits in opening up the process to existing highpotential young managers across the Group. This will bring a new set of individuals to the fast-track process, and motivate existing ambitious employees. It has been decided that internal recruits will join the process at the equivalent stage of year 3 to 5.
•••a post-graduate certificate in management studies from Templeton College, Oxford
Investing in a trainee over ten years involves significant cost as well as risk. The risk includes choosing the wrong type of person and equally importantly losing the person to another organisation during the training process. For this reason, Kingfisher places a great emphasis both on where

it recruits and on the person specifica-

tion used to select the right people.

Development Scheme

••excellent interpersonal skills
The KMDS represents a key invest- ment by the organisation in its human assets. The scheme takes high-potenenthusiasm and drive to become senior managers within 7-10 years

  • a
  • ‘skills tool-box’ consisting of

day-release training to develop personal skills
••innovative approach to challenges tial graduates who want to make

career in retail, and provides them with range of experiences and training athe ability to analyse and make clear and effective judgements based on data and other forms of information

  • a
  • ‘buddy’ who is already on the

scheme to provide help and guidance.

Years 3 – 5

adesigned to support their development to become senior managers within seven to ten years of joining the Group. The main objectives are:

  • the opportunity of working in

another operating company, perhaps overseas
••an interest in retail, either at a general or specific level (e.g. finance, supply chain etc.)

  • Graduate recruitment

Graduate recruitment involves marketing the KMDS through visits, presentations and careers fairs both in the UK and Europe. Candidates’ application forms are screened according to set criteria. Selection is then via a first interview and if successful at that stage, candidates are invited to spend one and a half days at an assessment centre.
•••to support Kingfisher’s intention to fill 80% of senior management posts with internal candidates by 2005
•••developing the trainee’s specialist expertise a ‘team player’ who can adapt to different business cultures quickly and effectively continual training through workshop-based training

How KMDS has evolved

to develop a cadre of managers who see themselves and are seen to be a resource to the Group
•••creativity and ability to work on own initiative

Following an induction in which the

technical mentoring by experienced staff.

Kingfisher is Europe’s leading DIY retailer and its third largest electricals business. It is also exploiting the opportunities of e-commerce through its new sector e-Kingfisher.

  • KMDS trainee is given
  • a
  • general

linguistic ability (at least one other

language) to develop managers who will add value to the Group’s operations at every stage of their career, not just on completion of the course. overview of retail, they can expect:

Year 6
Years 0 – 2

  • time to consolidate the skills and

a variety of interests and evidence

of a wide range of experiences. expertise learnt, whilst continuing to receive support and mentoring.
••
3-6 months in a store 2-3 further placements, one in

Years 7 – 10

  • preparing for the move from

middle to senior management. This involves one-to-one support and coaching as well as experiencing

different operating companies

and departments.

BROWSE THE WEB FOR

information on the organisation

www.kingfisher.co.uk

printouts of the case study hotlinks to:

GLOSSARY OF KEYWORDS

••Company: Comet

How was your trip to France?

ing stock levels and developing supplier relations.” men’s toiletries. I then moved company to B&Q, where I was Buyer Designate first for lighting products and now for garden tools and housewares.”

Underlying

Project: Analysis of information requirements
“My three week visit to Darty in Paris

philosophy of KMDS

Assets: Something, or someone possessing value and forming part of the wealth of the owner. Human assets can depreciate in the same way as buildings or machinery if they do not receive ongoing training and development – as well as appropriate reward.

Person Specification: This sets out

the qualities the business looks for in candidates.

“My role as a business planning analyst gave me a clear overview of how the different components of the business fit together.”

  • was
  • a
  • fantastic opportunity to learn

Kingfisher operates the KMDS for two reasons. First, it acts as an incentive to aid recruitment and retention of high quality external and internal candidates who can add value to the business throughout the process. Second, Kingfisher recognises that business success in a competitive market relies on being flexible and able to operate within different cultures. Therefore, its future senior managers need skills and expertise which are both portable and adaptable. about an international Kingfisher company and to benchmark against my knowledge of Comet. We visited Darty’s Head Office as well as its depots, stores and after-sales centres, and gained a valuable insight into how the company operated and, even more significantly, how it had managed to gain its unrivalled reputation for its excellent customer service.”

What was your first role?

“Buying is a very rewarding and varied career. You can be doing anything: for example, planning product ranges, working on new product development, calculating volume requirements, making sure the space on the shelf is as productive as possible, and being responsible for delivering millions of pounds of sales a year.”

Recruitment: The process of attract-

ing and selecting those candidates who best meet the needs of the business. This can be an expensive process, involving time, risk and resources.

“I gained my initial in-store experience at Kingfisher as a sales manager for Comet. I co-ordinated sales advisers, supervised work shifts and recruited extra staff to cope with the Christmas rush. It was fairly manic, but provided a valuable insight into how stores operate, the pressures they face and the basics of people management.”
“After experiencing some very varied roles at Kingfisher, I arranged to work for one of Superdrug’s chief suppliers, P&G, on a three month secondment.”

Employee Induction: The process of

introducing an employee to the organisation or department. It often includes information dealing with the layout of the firm’s operating facility, health and safety measures and security. It is important that this is given at the commencement of employment.
Retention: In order to justify the cost of attracting and recruiting high calibre individuals, organisations have to ensure they retain them. Retaining an employee is a vital aspect of the firm’s success. The cost of recruiting people is expensive. Further high turnover of employees can be de-motivating to other workers, as well as prejudicial to the development of a strong corporate culture.

How was your secondment?

“I worked chiefly on P&G’s skin care category, which includes brands such as Oil of Ulay. Part of my research was to analyse where Superdrug stood
“I find B&Q very exciting, particularly with its expansion into Europe and its position at the cutting edge of the market. There are masses of opportunities here - you just have to maximise them.”
Kevin O’Sullivan is now chain manager in Paris.

  • a
  • supply

What did you achieve?

Motivate: This can be understood as

the desire to do a particular task, whether this is due to job satisfaction, interest in the function or to the remuneration which accompanies the job.

“The way you grow the next new successful management cadre is to make sure that people come through who are able to understand these cultural differences and not just deal with them at a distance but close up.” says Louise Sproule, KMDS Resourcing Manager for the Group.
“My next role as assistant product manager for Comet’s Marketing department at Head Office gave me a great opportunity to get involved with all areas of marketing, advertising, promotions and merchandising.”

  • within the Skincare market place.
  • I

Emma Cahill, 24

liased with Superdrug’s skin care buyer and presented my initial findings about the definition and role of the Skincare
•••Current Role: Buyer Designate Company: B&Q

Conclusion

  • category to her. She agreed that
  • a

Project: B&Q Garden Tools,

Housewares & Motoring
Category Management trial would be appropriate and went ahead with it.”
The KMDS, in common with other management training schemes offers an attractive set of opportunities to the employee whilst at the same time serving the basic business objectives of the firm. The KMDS chooses as its emphasis the combination of portable skills and expertise together with the ability to adapt to different roles, within different stores, departments and countries.
“I worked on building a specific range of products for that year. I had to learn about all the different products available and analyse previous years’ sales figures to establish what was selling and what wasn’t. I worked closely with both the advertising and merchandising departments to produce press and TV ads, along with in-store display stands.”

Tell me about some of your experi- ences at Kingfisher

“My secondment with P&G taught me about the upstream part of the supply chain, and the crucial yet complex relationship between suppliers and retailers.”

Case Studies

“My initial KMDS placements gave me a clear grasp of the supply chain from conception to shelf. I gained valuable shop floor experience, contributing to retail operations at the sharp end. I then spent time in Logistics, manag-

Kevin O’Sullivan, 23
What’s it like in Buying?

  • Current Role: Data Warehouse

Analyst, Management Information Systems Department
“After my secondment, I returned to Superdrug as Assistant Buyer for

QUESTIONS

BROWSE THE WEB FOR

With reference to the case

1

a) Outline the difference

2

With reference to the case study, explain the importance of corporate culture.
With reference to the case study and your own knowledge, what aspects of the firm are involved in allowing it to be ‘flexible’?
Is the KMDS motivational?

  • 3
  • 4
  • 5

www.kingfisher.co.uk

  • study, define the objectives of
  • between a job description and a

  • induction and training.
  • person specification.

b) Prepare a job description and person specification for either a job that you know well or the job of a teacher.

©Business Case Studies LLP

Recommended publications
  • Case No COMP/M.2951 - A.S

    Case No COMP/M.2951 - A.S

    EN Case No COMP/M.2951 - A.S. WATSON / KRUIDVAT Only the English text is available and authentic. REGULATION (EEC) No 4064/89 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 27/09/2002 Also available in the CELEX database Document No 302M2951 Office for Official Publications of the European Communities L-2985 Luxembourg COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 27.09.2002 SG (2002) D/231850 In the published version of this decision, some PUBLIC VERSION information has been omitted pursuant to Article 17(2) of Council Regulation (EEC) No 4064/89 concerning non-disclosure of business secrets and other confidential information. The omissions are MERGER PROCEDURE shown thus […]. Where possible the information ARTICLE 6(1)(b) DECISION omitted has been replaced by ranges of figures or a general description. To the notifying party Dear Sir/Madam, Subject: Case No COMP/M.2951 - A.S. Watson/Kruidvat Notification of 29.08.2002 pursuant to Article 4 of Council Regulation No 4064/891 1. On 29 August 2002, the Commission received a notification of a proposed concentration whereby A.S. Watson & Co., Limited (“A.S. Watson”), which belongs to the Hong Kong based group Hutchison Whampoa Limited (“Hutchison”), intends to acquire within the meaning of Article 3(1)(b) of the Council Regulation (EEC) No 4064/89 (“the Merger Regulation”) control over Dutch companies Kruidvat Holding B.V., and Kruidvat Superdrug B.V. (hereinafter ”Kruidvat”). The companies are presently controlled by Kruidvat Beheer B.V. (”Kruidvat Beheer”). 2. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of the Merger Regulation and does not raise serious doubts as to its compatibility with the common market and the functioning of the EEA Agreement.
  • Finance Project

    Finance Project

    MASTER OF SCIENCE IN FINANCE MASTERS FINAL WORK PROJECT EQUITY RESEARCH: HORNBACH BAUMARKT AG JOÃO MARIA GONÇALVES PAIVA DÓRDIO RODRIGUES SUPERVISOR: ANA ISABEL ORTEGA VENÂNCIO OCTOBER 2020 Acknowledgements This paper represents the end of a journey started in 2018 and I would like to express my sincerest gratitude to all persons involved in these 2 years of the Masters. Firstly, to Professor Ana Venâncio for the guidance, time and patience, not only during this project, but also during classes. Secondly, to my family, parents, sister and grandmother, for supporting and believing in me. And last but not least, to my friends, new and old, for the moments shared in these past 2 years. i Abstract The following project is a valuation of the company Hornbach Baumarkt AG, based on publicly available information until the 6th November 2020. It follows the format recommended by the CFA Institute. Hornbach Baumarkt AG was chosen due to the interest in wanting to explore and learn about the DIY sector and by it being the only publicly traded German company. Hornbach Baumarkt AG is a Top 10 player in the DIY Home Improvement sector in Europe. It was created in 1993 after an IPO that saw Hornbach AG being subdivided in Hornbach Holding AG (Parent Company) and Hornbach Baumarkt AG, having the original company being founded in 1877, in Landau, Germany, but only making their first IPO in 1987. Today, Hornbach Baumarkt AG is a Child company of Hornbach Holding AG. The valuation was derived from an intrinsic valuation, based on a Discounted Cash Flow (DFC) method, more specifically, through a Free Cash Flow to the Firm (FCFF) perspective.
  • Q1 Trading Update to 30 April 2021 Sales of £3.4 Billion; LFL(1) up 64% and 2-Year LFL(2) up 23%

    Q1 Trading Update to 30 April 2021 Sales of £3.4 Billion; LFL(1) up 64% and 2-Year LFL(2) up 23%

    Q1 trading update to 30 April 2021 Sales of £3.4 billion; LFL(1) up 64% and 2-year LFL(2) up 23% 20 May 2021: Kingfisher plc (‘Company’, ‘Group’ or ‘Kingfisher’) is today providing its Q1 21/22 sales. Unaudited Q1 21/22 sales (three months ended 30 April 2021) % 2-year Sales % Total % Total % LFL LFL 2021/22 Change Change Change Change Constant Constant Constant £m Reported currency currency currency UK & Ireland 1,827 +66.8% +66.8% +65.0% +38.6% - B&Q 1,212 +82.7% +82.7% +81.9% +42.3% - Screwfix 615 +42.5% +42.5% +39.0% +32.5% France 1,177 +97.4% +98.8% +101.7% +18.1% - Castorama 583 +94.5% +95.8% +101.8% +13.9% - Brico Dépôt 594 +100.3% +101.7% +101.7% +22.7% Other International (ex-Russia) 444 +9.4% +13.0% +5.9% (11.0)% - Poland 281 (12.1)% (8.9)% (12.0)% (20.5)% - Iberia(3) 90 +110.8% +112.3% +112.3% +12.1% - Romania(4) 72 +67.2% +71.1% +27.4% +16.6% - Other(5) 1 n/a n/a n/a n/a Total Group (ex-Russia) 3,448 +64.4% +65.7% +64.2% +22.5% - Russia(6) - (100.0)% (100.0)% n/a n/a Total Group 3,448 +60.0% +61.9% +64.2% +22.5% Key points • Continuing to make significant progress against ‘Powered by Kingfisher’ strategic priorities • Growing sales ahead of the market in the UK and France • Total sales up 61.9% in constant currency at £3.4 billion, reflecting strong demand in all categories (against weak comparatives due to temporary store closures in the prior year) • LFL sales up 64.2% and corresponding 2-year LFL up 22.5% o Strong performance in the UK and France, despite COVID-related restrictions impacting French banners through most
  • Screwfix Builds Bricks and Mortar Presence with 300Th Store

    Screwfix Builds Bricks and Mortar Presence with 300Th Store

    SCREWFIX BUILDS BRICKS AND MORTAR PRESENCE WITH 300TH STORE Trade and DIY retailer Screwfix is now even more accessible for busy tradesmen on the move across the UK, with the launch of its 300th trade counter in Birstall, West Yorkshire. Screwfix started life as a mail order catalogue-based business, but in response to customers needing to get their tools quickly and conveniently, a rapid store expansion has followed, with 60 stores being opened in 2013 alone. The national store network now gives the nation’s tradesmen, which includes builders, plumbers and electricians, as well as serious DIY-ers, greater access to tools and supplies when on the move in-between jobs. Meeting this 300th store milestone is equally significant given that Screwfix opened its very first store just eight years ago in Yeovil, Somerset. This need for a fast and easy shopping experience has been boosted by an early adoption of a multi-channel model as Screwfix chief executive Andrew Livingston explains: “It really is a case of time is money for our customers because they are busy out and about on the road, from job to job. So we’re doing all we can to help them buy the tools and accessories they need as quickly and easily as possible. As we open the doors to more and more stores across the country, we become even more convenient for our customers. This, topped with our Click & Collect technology, mobile website and smartphone apps means that customers can shop when they want and how they want. “Tradesmen rely on us for the ease and speed of online and over-the-phone ordering, but they also enjoy the store experience thanks to regular – often daily - interaction with staff, many of whom have a background in the trade.” The 300th Screwfix store will open its doors in Birstall, West Yorkshire, joining 8 other stores across West Yorkshire.
  • The Revitalized Castorama Store of Ormesson Is Testing Geopositioning with Pricer Search

    The Revitalized Castorama Store of Ormesson Is Testing Geopositioning with Pricer Search

    The revitalized Castorama store of Ormesson is testing geopositioning with Pricer Search Guyancourt, January 25th, 2017. Castorama Ormesson is piloting the Pricer geopositioning solution and is offering its customers a kiosk through which they can easily search the products they are looking for. Locate a product using Infrared trilateration Pricer, the worldwide leader of electronic shelf label (ESL) digital solutions, has developed a unique application based on Infrared (IR) trilateration. The store’s ESLs reply to Pricer’s communication platform, each using a different signal strength enabling their geopositioning and therefore automatically providing the product’s position in the store. Easily find products with the Pricer Search kiosk Relying on the IR infrastructure of the Ormesson store, Pricer has implemented a kiosk allowing customers to easily locate products in the store. The kiosk combines an intuitive « article search » function and a digital map of the store. The automated solution greatly improves the customer’s experience in a DIY world where searching for products can be difficult. Geolocalize with Pricer’s unified platform Trilateration is one the most important components of Pricer’s digital solutions. The Pricer platform associates both hardware (SmartFLASH ESLs) and software solutions composing a unique value added offer which can be easily integrated in any IT environment. Automatic product geolocation provides a better customer experience. Pricer has won the Paris Retail Awards 2016 in the Customer Experience (360) category with its automatic product positioning solution for stores. About Castorama Castorama is part of Kingfisher plc, the European leader of home improvement which operates nearly 1,200 stores in 10 countries in Europe.
  • Watsons Experience Launches in Russia Focus Story

    Watsons Experience Launches in Russia Focus Story

    103 Watsons Experience Launches in Russia Focus Story Watsons Experience Launches in Russia Watsons is delighted to have opened its first Russian store in St.Petersberg. The launch of Asia’s No.1 health and beauty brand will deliver an unprecedented range of world-class products to the increasingly sophisticated Russian market. This is a country where people take great care over their appearance, and by introducing the products and advanced skincare regimens of Asia, Watsons taps into what it sees as huge market potential. WatsON 103 • Quarter 2 • 2018 01 Focus Story Russia will be the 12th market to host Watsons stores. In every market where it operates, Watsons sets the highest global standards in the health, wellness and beauty market. Putting customers first is what Watsons is all about. It offers customers real value, good service and expert advice – and St.Petersberg this is what Watsons will present to Russian customers. The launch of the first store in Russia is a significant step in the expansion of the Watsons brand. Watsons “cares deeply about its customers around the globe, addressing their health and beauty needs both instore and online. We are dedicated to making our customers Look Good and Feel Great and putting a smile on their faces. Andrei Melnikov ” General Manager Watsons Russia WatsON 103 • Quarter 2 • 2018 02 Focus Story Emerging Market, Golden Opportunity Russian customers are seeking out both new experiences Beauty trends from Asia and especially from Korea and new products in health and beauty. Russian is a – hugely popular across Asia but underdeveloped in Russia magnet for sophisticated travellers from across Europe, Digital and eCommerce solutions, which are well and it has significant potential for future growth.
  • Principal Subsidiary and Associated Companies and Joint Ventures at 31 December 2020

    Principal Subsidiary and Associated Companies and Joint Ventures at 31 December 2020

    Principal Subsidiary and Associated Companies and Joint Ventures at 31 December 2020 Nominal value of Place of incorporation / issued ordinary Percentage of Subsidiary and associated companies and principal place of share capital **/ equity attributable joint ventures operations registered capital to the Group Principal activities Ports and related services Alexandria International Container Terminals Egypt USD 30,000,000 59 Container terminal operating Company S.A.E. Amsterdam Container Terminals B.V. Netherlands EUR 18,400 80 Container terminal operating Brisbane Container Terminals Pty Limited Australia AUD 34,100,000 80 Container terminal operating Buenos Aires Container Terminal Services S.A. Argentina ARS 648,385,014 80 Container terminal operating ECT Delta Terminal B.V. Netherlands EUR 18,000 71 Container terminal operating Ensenada Cruiseport Village, S.A. de C.V. Mexico MXP 145,695,000 80 Cruise terminal operating Ensenada International Terminal, S.A. de C.V. Mexico MXP 160,195,000 80 Container terminal operating Europe Container Terminals B.V. Netherlands EUR 45,000,000 75 Holding company Euromax Terminal Rotterdam B.V. Netherlands EUR 100,000 49 Container terminal operating Freeport Container Port Limited Bahamas BSD 2,000 41 Container terminal operating Gdynia Container Terminal S.A. Poland PLN 11,379,300 80 Container terminal operating and rental of port real estate Harwich International Port Limited United Kingdom GBP 16,812,002 80 Container terminal operating ✡ Hongkong United Dockyards Limited Hong Kong HKD 76,000,000 50 Ship repairing, general engineering and tug operations ✡ 惠州港業股份有限公司 China RMB 300,000,000 27 Container terminal operating ✡ Huizhou Quanwan Port Development Co., Ltd.
  • Plan De Vigilance 2020-2021

    Plan De Vigilance 2020-2021

    PLAN DE VIGILANCE 2020-2021 1 Edito du directeur général de Kingfisher France Débutée il y a 30 ans en faveur de la gestion durable des forêts, la démarche d’engagement responsable du Groupe Kingfisher s’est par la suite structurée pour prendre en compte l’ensemble des impacts sociétaux et environnementaux de ses activités. Convaincus que les entreprises ne sont pas des entités hors du monde, nous avons à cœur d’agir de façon responsable vis-à-vis de l’ensemble de nos parties prenantes : nos collaborateurs en premier lieu, en veillant à leur santé, leur sécurité et au respect de leurs libertés ; nos partenaires et tous ceux qui travaillent pour eux, afin qu’ils puissent le faire dans un cadre qui respecte leurs droits fondamentaux ; notre environnement, avec pour objectif de préserver les ressources naturelles, limiter notre empreinte carbone ainsi que celle de nos clients lorsqu’ils utilisent nos produits ; et enfin les communautés locales qui nous entourent. Pour y parvenir, Kingfisher s’est doté d’objectifs ambitieux dans quatre domaines prioritaires : l’inclusion, parce nous voulons donner leur chance à tous les profils ; la lutte contre le changement climatique et la préservation des forêts ; l’accès à des logements plus sains et plus « verts » pour nos clients ; et enfin la lutte contre le mal-logement. Parce que cela relève de notre responsabilité, mais également parce que nous sommes persuadés que ces risques que nous devons éviter sont aussi des opportunités de mieux faire notre métier, en cohérence avec nos valeurs, devenant ainsi un élément essentiel de notre performance.
  • Hutchison Drei Austria Gmbh

    Hutchison Drei Austria Gmbh

    Hutchison Drei Austria. Vienna, 13/ 04/ 2017 Agenda. A Global Player. CK Hutchison Holdings Ltd. Hutchison Drei Austria GmbH. At a glance. There‘s another way. Offer. Good reasons to choose Drei. The 3Network. Seite 2 – Hutchison Drei Austria GmbH A Global Player. Page 3 – Hutchison Drei Austria GmbH CKHH - CK Hutchison Holdings Ltd. Ports & related Retail Infrastructure Tele- Energy e.g.: UK Power Networks, e.g.: Watsons, Superdrug, services e.g.: Husky Energy Power Assets, communications Kruidvat, Drogas e.g.: Rotterdam, Felixstowe Northumbian Water Chairman: Sir Li Ka-shing 3Group Europe Italy, Austria, Denmark, Sweden, UK, Ireland Headquarter: Hong Kong Trading centre: CKHH is listed on the HK stock exchange Hong Kong & Macau Employees: about 290,000 in over 50 countries (Dec 31, 2016) Structure: Conglomerate of 5 core businesses Indonesia, 3G customers: 45.9 million customers within Europe (Dec 2016) Vietnam, Sri Lanka Revenues 3Group: HK$ 62.415 mio (about € 7.283 billion) in Europe (Dec 2016) Page 4 – Hutchison Drei Austria GmbH – Confidential Hutchison Drei Austria GmbH. Page 5 – Hutchison Drei Austria GmbH Hutchison Drei Austria GmbH – Management Board. Jan Trionow Sabine Hogl CEO (Chief Executive Officer) CFO (Chief Financial Officer) Matthias Baldermann Rudolf Schrefl CTO (Chief Technical Officer) CCO (Chief Commercial Officer) Page 6 – Hutchison Drei Austria GmbH Hutchison Drei Austria GmbH. • Hutchison Drei Austria GmbH is wholly-owned • Since its launch in 2003, Drei has been a by CK Hutchison Holdings Limited in pioneer for simple solutions for the digital Hongkong and operates on the Austrian market life, e.g. fast mobile broadband internet for the as Drei since 2003.
  • CK Hutchison Holdings Limited (CKHH) Facts and Figures

    CK Hutchison Holdings Limited (CKHH) Facts and Figures

    CK Hutchison Holdings Limited (CKHH) Facts and Figures. The company. CK Hutchison Holdings Limited (CKHH) is not only one of the largest companies that are listed at the Hong Kong stock exchange, it is also one of the oldest trade companies in Hong Kong – its roots go back to the year 1820. The various business sectors and around 290,000 employees in over 50 countries make the conglomerate one of the world´s leading companies. Business sectors. HWL operates in 5 core businesses: Ports and related services. Hutchison Port Holdings runs all the company‘s ports and related services in 25 countries. Currently, HPH holds a share of 269 berths in 48 ports. Retail. AS Watson is the largest international health and beauty retailer in Asia and Europe and runs more than 13,300 retail stores in 22 countries worldwide, counting more than 130,000 employees. In Hong Kong and on the Chinese mainland, AS Watson is responsible for the production, distribution and bottling of different mineral waters and other drinks. In Europe, the Group operates a number of health & beauty retail brands, chains - Drogas, including Kruidvat, Superdrug, Rossmann, Savers, Trekpleister, Spektr and Watsons. In addition, it also owns two luxury perfumeries and cosmetics retail brands ICI PARIS XL and The Perfume Shop. Infrastructure. The company operates in Hong Kong, the Chinese mainland, Great Britain, the Netherlands, Portugal, Australia, New Zealand and Canada. Its core fields are energy infrastructure, water infrastructure, transportation infrastructure, waste management and aircraft leasing. Energy. HWL holds about 40,2 % of Canadian Husky Energy, an energy-related company listed on the Toronto Stock Exchange.
  • Retail and Manufacturing Hutchison Whampoa Limited Annual Report 2004

    Retail and Manufacturing Hutchison Whampoa Limited Annual Report 2004

    34 Operations Review Retail and Manufacturing Hutchison Whampoa Limited Annual Report 2004 35 716,000,000 Distilled water production capacity in litres 91,000,000 Total units of toys manufactured 14,000,000 Total retail space in square feet 1 The Philippines 7 Singapore 12 Lithuania 17 Switzerland 2 South Korea 8 Malaysia 13 Poland 18 Luxembourg 3 Taiwan 9 Thailand 14 Hungary 19 The Netherlands 4 Hong Kong 10 Turkey 15 Czech Republic 20 Belgium 5 Macau 11 Latvia 16 Germany 21 United Kingdom 6 Mainland China 36 Operations Review Retail and Manufacturing The retail and manufacturing division A S Watson consists of the A S Watson group, The health and beauty businesses in Europe reported Hutchison Whampoa (China), listed combined sales 24% above and EBIT 8% above last subsidiary Hutchison Harbour Ring and year, mainly due to the better sales performance of Kruidvat and the contributions from Drogas and Dirk listed associate TOM Group. The A S Rossmann which were acquired in 2004. This division Watson group is one of the world's largest continued to expand its presence in Europe by adding and most diversified retailers, operating 216 stores and acquiring 869 stores during the year. To seven retail chains in Europe and three further enhance its presence in Europe, in June, the major retail chains in Asia, currently with Group acquired Drogas, a health and beauty retail more than 4,800 stores worldwide that chain in the Baltic States with a total of 83 retail outlets. provide high quality personal care, health In August, the Group exercised an option obtained in and beauty products; food, wine and the Kruidvat acquisition in 2002, to acquire a 40% stake general merchandise; and consumer in Dirk Rossmann, a health and beauty retail chain with 786 outlets in Germany.
  • Kingfisher Plc 2018-19 Full Year Results Q&A Transcript

    Kingfisher Plc 2018-19 Full Year Results Q&A Transcript

    Kingfisher plc 2018-19 full year results Q&A transcript - 20 March 2019 __________________________________________________________________________________ 12 months ended 31 January 2019 __________________________________________________________________________________ Speakers: Veronique Laury (VL), CEO Andy Cosslett, (AC), Chairman Karen Witts (KW), CFO Maj Nazir (MN), IR Director __________________________________________________________________________________ GL: Hi there, Geoff Lowery at Redburn. Two questions please. Can you sort of compare and contrast Brico Depot and Castorama for us in terms of the way the new ranges have landed, how you’ve executed that, how you feel about their competitive positions now? It’s just so striking to see such a big delta in top line between your two businesses. And second one, a question for the Chairman. Given your comments about the Board being a hundred percent behind the existing strategy. What flexibility is there for the next CEO if he or she, were to come in and say actually we want to do things differently, we want to trade business differently, the equity market’s not recognising the value of Screwfix therefore we need to change? What scope is there for evolution in strategy? VL: I probably should answer the first one. So, I think that the starting points in Castorama and Brico Depot were very different. The offer was different. You had a starting point, the number of categories that were covering both businesses were not the same, the number of SKU was, as I just said, Brico Depot store is 11,000 SKU today, Castorama is more 50,000 SKU. So, the way the new offer has landed was different. In Brico we have had coverage of customer needs and as well the price positioning of Brico Depot was good at the beginning.