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Further acquisitions of European companies such as Castorama , BUT and Wegert enabled the group to grow to become the largest general retail group in the UK. In 1999, Kingfisher attempted a takeover of Asda, one of the UK's largest supermarket chains, only to be pipped to the post by Wal-Mart. Coupled with an acrimonious battle for control of Castorama ,the resultant share price pressure forced the sale and demerger of several parts of the group by 2001, until the demerger of the electricals business to form KESA in 2003 caused the group to refocus entirely around DIY.
The Group was led between 1984 and 2002 by Sir Geoffrey Mulcahy who became renowned for his taciturn public persona, lengthy decision-making and love of sailingSailing is motion across a body of water in a sailing ship, or smaller boat, powered by wind. How sailing works The force of the wind is used to create motion by using one or more sails. The movement of the air over the sails acts in the same way that air. Largely through his influence, Kingfisher became the major sponsor of British sailor Ellen McArthur.