Kingfisher CEO Kingfisher is fighting for survival. Three years into a Three years plan, there is no sign of the promised 73% profit increase. Sales at Laury and Castorama are in decline, profit is stagnating and her push to consolidate procurement operations is burning cash. Senior managers have headed for the exit and Laury has been criticised for vocalising the difficulties of delivering her plan. Three years on, Laury’s ebullience has given way to excuses, and she finds herself fighting for survival. Market conditions are compounding the self-inflicted problems, while Laury maintains the strategy is bearing fruit. Its success will determine her future and potentially the shape of Kingfisher according to Laury .
Kingfisher CEO Kingfisher is fighting for survival. Three years into a Three years plan, there is no sign of the promised 73% profit increase. Sales at Laury and Castorama are in decline, profit is stagnating and her push to consolidate procurement operations is burning cash. Senior managers have headed for the exit and Laury has been criticised for vocalising the difficulties of delivering her plan. Market conditions are compounding the self-inflicted problems, while Laury maintains the strategy is bearing fruit. Its success will determine her future and potentially the shape of Kingfisher according to Laury .