Retailer Currys says European watchdog probes its Nordic units
Reuters
Published May 24, 2023 09:52
Updated May 24, 2023 10:26
(Refiles to correct company name to "Currys" from "Curry's" in headline, paragraph 6)
(Reuters) -British electricals retailer Currys said on Wednesday European Economic Area regulator has started investigating its Nordic units for possible violation of competition rules in Norway.
The retailer, previously known as Dixons Carphone (LON:CURY), said it does not believe that the two units - Elkjøp Nordic AS and Elkjøp Norge - had infringed any competition rules and would cooperate with EFTA Surveillance Authority (ESA).
Separately, ESA said it was investigating whether Elkjøp had violated rules while securing exclusive access to some electronic goods.
"The investigation will also look into arrangements where specific competitors have been denied access to certain electronic goods," ESA said in a statement.
Elkjøp is a leading retailer of electronic goods in the Nordic countries, with more than 400 stores across Norway, Sweden, Denmark and Finland, in addition to franchise operations in Greenland, Iceland and the Faroe Islands.
Last week, Currys had lifted its profit forecast, helped by strength in its main UK & Ireland business, and said that the trading environment in the Nordics region remained challenging.
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Written By: Reuters
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