Three Spanish Bricorama stores go to Brico Centro

After the takeover of Bricorama Spain by the Italian DIY retailer Bricofer failed, there is a future for only three of the most recently nine Bricorama stores in Spain: Leal Decoración, a Brico Centro franchisee, has taken over the locations in Abrera near Barcelona (3 500 m²), Verger near Alicante (2 500 m²) and Ontinyent near Valencia (1 550 m²). They will be converted to the Brico Centro brand and reopened at the end of October. This means that the franchise chain will be represented in Catalonia and in the Valencia region for the first time and by the end of the year - a further project in Galicia in the north-west of the country - will have 21 locations.The attempted takeover of Bricorama by Bricofer generated somewhat confusing news reporting in Italian and Spanish specialised media. The fact that takeover discussions were finally over was reported by the Spanish service Ferretería y Bricolaje. Insolvency proceedings have been opened for Bricorama Spain.