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Dixons and Carphone Warehouse confirm merger talks

Electricals retailer Dixons Retail and mobile specialist Carphone Warehouse are in initial talks regarding a potential merger, it was announced this morning.

Both companies released official statements confirming that they have begun conversations exploring a possible union which, if it proceeded, would give the combined company a significant share of the technology and tablet market in the UK.

The retailers stated that no decision has been reached regarding the structuring of any such merger. 

Dixons, which owns Currys and PC World, reported pre-tax profit of £30.2 million for the six months to the end of October, while like-for-like sales jumped 6% year on year. The company has been commended for turning sales around in recent years and seeing off competition from competitors Comet and Best Buy UK, which no longer operate in the UK.

Carphone Warehouse recently announced an innovative new partnership with technology vendor Samsung, which will see the two companies run Samsung-branded stores across Europe. CEO Andrew Harrison said that similar partnerships with other vendors are possible in the future.

Harrison is taking part in the Keynote Power Panel Debate at RBTE 2014.

 

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