Kingfisher's deteriorating sales highlight new boss's tough task
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LONDON (Reuters) - The new boss of Kingfisher criticised the British home improvement group's "organisational complexity" as it reported a worsening decline in quarterly sales, underlining the uphill task he faces to stem falling profits.Kingfisher shares slumped as much as 9.3% after its trading update and as Carrefour veteran Thierry Garnier, who succeeded Véronique Laury as chief executive in September, outlined major problems that need to be addressed.The group, whose main businesses are..