ERJ staff report (DS)
Paris - France's largest tyre retailer, Point S, has reportedly stopped buying Michelin-brand tyres for all its stores world-wide, following a row over pricing, according to the respected French daily, Le Figaro. The paper said Point S is not working with Goodyear or Bridgestone, either.
The paper quoted Christopher Rollet, CEO of Point S saying, â€œ"We were unable to come to an agreement with Michelin." Rollet reportedly said the two companies maintain a long-term relationship.
On its website, Point S said, "We are proud to be the biggest network of independent tyre dealers and car service providers in Europe but we have even more ambitious objectives to extend our service network further by setting up point S in additional countries in both Europe and overseas.
The website claims Point S has 2350 outlets in 23 countries worldwide and sells more than 12 million tyres annually. Le Figaro said Point S is a leading player in this area, with 6% market share in Europe. Michelin and was a major supplier. In 2011, the turnover with the French giant was about 320 million euros
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Le Figaro (France)
Above story auto-translated into English (from French)