Knight Vinke grabs seat on Darty board
Friday 15 February 2013
Activist investor Knight Vinke has forced its way onto the board of the struggling electricals retailer Darty, which today issued a profits warning.
Knight Vinke — which in the past has opposed bonuses at HSBC — has exercised its right as an investor to a board seat at Darty, which it accused of further dithering after taking more than six months to implement its recommendations.
Alan Parker, former head of coffee-to-hotel group Whitbread, is the chairman of Darty, which operates the eponymous chain in France and sold the UK retailer Comet a year ago for £2. The electricals chain shut all its shops in Britain just before Christmas.
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