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French Fnac to expand into the UK
The French books-to-DVDs, video games-to-computers retailer Fnac is looking to move into the UK, reports the Independent. A spokeswoman for the chain, based in the Paris suburb of Clichy, confirmed that it wanted to expand across the Channel, saying: "We met some people in England to speak about this eventuality."
A team from the company (originally called Fédération Nationale d'Achats pour Cadres, or the National Purchasing Federation for Managers) has been scouting London for a site of about 50,000sq ft. Acquiring such premises would give the French retailer one of the biggest standalone shops in the capital, as well as a UK base from which to launch a national chain. Fnac has 77 stores in France and 54 in other countries – Spain, Portugal, Italy, Switzerland, Belgium, Greece and Brazil.
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