· Bridgestone acquires French tire chain retailer

According to foreign media reports, recently, part of the equity transaction between Bridgestone and French tire chain retailer Pneu à bas prix has been completed.
Bridgestone did not disclose the specific amount of the transaction.
According to the report, Bridgestone's holding of Pneus à bas prix is ​​conducive to enhancing its competitiveness in the French market.
It is understood that in recent years, Bridgestone has frequently shot in the field of physical chain.
In 2015, the tire giant plans to invest heavily in the acquisition of Pep Boys, a US Auto Parts retailer, but then was challenged by Carl Icahn and was forced to give up.
In November of the same year, Bridgestone successfully won a majority stake in Slovak tire retailer ARS.
In May 2016, the company announced the acquisition of Speedy, a large chain repair company in France. In August, Speedy France became a subsidiary of Bridgestone's European subsidiary BSEMEA.
It is reported that after the acquisition of Pneu à bas prix, Bridgestone will increase about 450 retail outlets in France.
For Bridgestone to continuously develop terminal chain stores, industry insiders analyzed that as the market competition continues to intensify, tire companies are constantly adjusting their strategies and strengthening their business capabilities. The acquisition of physical chain stores is a relatively cost-effective method.

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