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Article: Outlook: Sir Geoff's demise

Article from:
The Independent (London, England)
Article date:
June 6, 2001
Copyright

SIR GEOFF Mulcahy, chief executive of Kingfisher, has had the last rights read to him so many times over the years only to come bouncing back, that most people long ago gave up trying to predict his final demise. If there is one executive talent that Sir Geoff excels at, it is survival.

None the less, yesterday's admission that the group is giving up on the attempt to find trade purchasers for the General Merchandising businesses of Woolworths and Superdrug, and having failed to find anyone willing to pay a halfway decent price will instead demerge them, must mark at least the beginning of the end of his long, long reign. It could have been worse. Sir Geoff might have reverted to a ...

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