Retailing giant Kingfisher has appointed Cubitt Consulting to provide IR support without a competitive pitch .
Working on the account alongside Cubitt managing partner Simon Brocklebank-Fowler is associate director Olivia Whiteoak, who previously supported Kingfisher's external IR requirements while at City Interface. The agency ceased trading in November last year and since then Kingfisher has had no external IR help.
In September, Kingfisher, whose shares had halved in value since its 1999 peak, announced plans to demerge into two listed companies in an attempt to regain the confidence of investors.
The Woolworths chain will be joined by Superdrug and Big W in one company, with the B&Q DIY chain and Comet demerged into a quoted retail group also including Kingfisher's European interests.
The demerger is scheduled for the second quarter of next year. 'Cubitt has been appointed to provide general counsel for ongoing day-to-day normal activity but they may do some aspects of the demerger,' said Andrew Mills, Kingfisher IR director.