Euronics International Ltd. is an international association of over 11,000 independent electrical retailers in 37 countries. It functions as a leading international electrical retail group on behalf of its members, and is based in Amsterdam. It operates as a European Economic Interest Grouping entity (an EEIG) meaning that all stores are independent sellers.
History Euronics International was founded in 1990 by five national groups from Germany, Italy, Spain, Belgium and the Netherlands. The groups realized at the time that they had to react to the structural changes brought about by globalization to remain competitive. At the same time they would preserve the advantages of specialising in the trade of mainly electronics by maintaining qualified employees, specialist knowledge and personal customer service.
The five groups formed an EEIG in order to have the flexibility of having separate businesses, as well as each business having local knowledge of their area, but the buying power and branding involved with having a single entity.
National organisations The list of national organizations belonging to Euronics International Ltd. currently are:
Country Company name Brands(s) BranchesAustriaEuronics Austria reg. Genossenschaft m.b.H.Euronics XXL, Red Zac, Partner of Euronics234BahrainSharaf DG (sublicensed from UAE)see United Arab Emirates belowBelgiumEuronics Belgium cvbaSelexion, Selexion Clix, Euronics, Top Camera386CyprusSeios SYN.P.E.(sublicensed from Greece)Euronics2Czech RepublicEuronics ČREuronics166DenmarkEl-SalgEl-Salg212EgyptSharaf DG (sublicensed from UAE)see United Arab Emirates belowEstoniaEuronics Baltic Ltd.Euronics16FinlandKauppiasosuuskunta TeknisetEuronics, Tekniset63FranceEuronics FranceEuronics, Euronics City, Gitem, Boulanger444GermanyEuronics Deutschland e.G.Euronics, Euronics XXL, Media@home1768GreeceSeios SYN.P.E.Euronics159HungaryVöröskő Kft.Euronics118IrelandElectrobuy Ltd.Euronics47ItalyEuronics Italia S.p.A.Euronics, Euronics XXL, Euronics Point, Euronics City595KazakhstanArena S LLP Gulser Computers LLPsee United Arab Emirates belowKyrgyzstanArena S LLPsee United Arab Emirates belowLatviaEuronics Baltic Ltd. (sublicensed from Estonia)Euronics7LithuaniaTC prekyba, JSC (sublicensed from Estonia)Euronics, Topo Centras34Luxembourg(Sublicensed from Belgium)Selexion, Selexion Clix5MaltaEuronics (Opening Soon In St George's Mall)Soon 1Moldova(Sublicensed from Ukraine)Foxmart4NetherlandsUnited Holding B.V.Euronics, Electro World, CombiFoto, ElektroVakman, Audio-Video Specialist, Witgoed specialist417NorwayElon NorgeElon66OmanSharaf DG (sublicensed from UAE)see United Arab Emirates belowPolandMediaexpert Sp. z o.o.Media Expert355PortugalAssociação dos Agentes AutorizadosEuronics116RussiaExpert RetailEuronics, Expert397San Marino(Sublicensed from Italy)Euronics1SlovakiaEuronics SKEuronics57SpainSinersisTien 21, Confort Electrodomesticos348SpainSinersisTien21, Milar, Confort Electrodomesticos, Ivarte1583SpainConsorcio Euronics Espana, A.I.E.Euronics1244SwedenElon Elkedjan Logistic ABELON, Elkedjan430SwedenEuronics SverigeEuronics88SwitzerlandEURONICS Schweiz AGEuronics, IF Interfunk, Media@home219Tunisia(Sublicensed from France)Euronics1TurkeyTeknosaTeknosa292UkraineFoxtrot Home AppliancesFoxtrot224United Arab EmiratesSharaf DG (sublicensed from UAE)There are currently 33 Sharaf DG stores in totalUnited Arab EmiratesAkcell Electronics Trading LLC (sublicensed from UAE)There are currently 1 branch Akcell Electronics Trading LLC in totalUnited KingdomCombined Independents (Holdings) Ltd.Euronics600+
Euronics in Italy Euronics Italia SpA represents Euronics International's second largest shareholder by turnover, second only to Germany. It is one of the largest groups in the distribution of household appliances and consumer electronics. Euronics Italia was formed in September 1999 from the GET brand, established in 1972, when the demand for household appliances, color televisions and hi-fi systems became increasingly significant.
The members of Euronics Italia Euronics Italia SpA is a group made up of 11 members distributed throughout Italy, including a total of 420 stores as of March 2018.
Bruno SpA Butali SpA Castoldi Srl (which was admitted to the group in November 2018 by the Court of Monza to compensate creditors after an agreement was found with the company Binova, a subsidiary of the Nova consumer electronics group, this led to Euronics Italia taking over ten stores) Dimo SpA Galimberti SpA (which requested to join Euronics Italia as part of bankruptcy measures decided with the bankruptcy court of Milan in February 2018, providing for the closure of 11 stores, the maintenance of 11 stores as part of Euronics Italia and the sale of 6) The Via Lattea SpA Nova SpA Rimep SpA SIEM SpA Tufano SpA Binova
Diversification of brands Euronics is represented in Italy by four brands: BrandQuantityDescriptionEuronics237Large retail outlets, mainly located in shopping centers.Euronics City39The first in Europe to experiment with this format, they are medium sized outlets mainly located in urban centers.Euronics Point126Smaller stores, located in medium to small lots, often in urban areas in each province.
Turnover in Italy YearRevenue (in billions of €)20141.520151.820161.820171.720181.65
Euronics in the Baltics Euronics entered the Estonian market in 2003 and is now represented by 19 stores. There are 6 Euronics stores in Latvia and 4 in Lithuania. There are a total of 29 Euronics brand stores operating in the Baltics.
The chain of Euronics stores also includes PlussMiinus stores, of which there is one in Estonia.
Euronics in Norway Euronics Norge AS is originally a Norwegian company headquartered in Fredrikstad. On January 1, 2016, Euronics Norge AS formally became a subsidiary of Swedish Elon Group AB.
The company operates consumer electronics and home appliances sales through 50 stores in Norway as of October 2018.
In January 2019, Euronics Norge changed its name to Elon.
Euronics in Finland
Euronics in Finland is managed by the Merchant Cooperative Tekniset (Kauppiasosuuskunta Tekniset). There are almost 60 Euronics and Technical stores in Finland.
Evolution of the logo Logo used from 1999 until April 2018 Logo used from the 23rd of April 2018
References
External links
Euronics International Euronics UK Electrical Stores Euronics Ireland