B&Q Brand wants to acquire competitors in Shanghai

On the 18th, Shi Jingfang, general manager of Shanghai Baianju, stated that the next expansion of B&Q China will not be ruled out by means of M&A. At present, B&Q's top executives have had contact with Haomeijia, Dongfangjiayuan and Tianjin No.1 building materials market.

Shanghai is the city where B&Q China has opened the largest number of stores, but its rapid expansion is facing the problem of scarcity of shops.

Shi Jingfang revealed that before 2007, B&Q had to open three stores in Shanghai, and the stores were located in the Central and Foreign Ring regions. "In 2010, the Shanghai market will achieve the expected 30% share, and we do not rule out the completion of mergers and acquisitions."

Shi Jingfang said that the targets targeted at M&A in Shanghai are mainly competitors that threaten B & Q.

At present, B&Q's biggest rival in building materials is Haomei. The company has 9 stores in Shanghai, the same number of stores in Shanghai as B&J.

At the end of April of last year, B&Q China's acquisition of OBI China business not only increased its stores by 13 but also reduced a strong competitor in China. M&A also resulted in the number of stores reaching 48, which immediately left behind several major competitors.