21 Facts About Fnac

Fnac is a large French retail chain selling cultural and electronic products, founded by Andre Essel and Max Theret in 1954.

Fnac is an abbreviation of Federation Nationale d'Achats des Cadres.

Fnac holds "forums" throughout the year, which are opportunities for customers to have dialogue with people such as Pedro Almodovar, George Lucas, and David Cronenberg, discussions with authors including Paul Auster, Pierre Bourdieu, and Francoise Giroud in addition to concerts.

In February 2002 Fnac published with UPFI "Manifeste pour la diversite musicale", as a prelude to a policy of favorable treatment for independent labels and their artists.

Fnac publishes "Indetendances, " a compilation of ten artists bimonthly published by independent labels, which it set aside part of its listening kiosks in stores to promote their work.

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In 1966, the Fnac store was opened to non-members and began to expand, opening its second store, in Paris on the avenue de Wagram, near the Arc de Triomphe in 1969.

Towards the late 1970s, Fnac continued to expand by building to 12 stores in Paris and other cities through France.

Fnac responded by cutting its prices and stepping up the competition, which forced HMV to leave France after only six months.

In 1991, the first Fnac store was opened in Berlin continuing with Petriat's plans, this was close to the original Virgin megastore, which opened there only a few months earlier.

In 1995, the Fnac store was closed in Berlin and the company instead continued its international expansion in Belgium, which were now becoming profitable.

At this point, Fnac had revenues passing FFr 10 billion and net earnings of FFr 200 million.

In 2017, Fnac Darty launched into online advertising with the sale of its own web spaces to advertisers.

In May 2017, Fnac launched its own bank card, called Fnac Mastercard, in partnership with Credit Agricole and Consumer Finance.

On 17 July 2017, Enrique Martinez and Jacques Veyrat became the new bosses of Fnac and replaced Alexandre Bompard, who left for Carrefour.

Fnac operates ten stores in Belgium, located in Aalst, Antwerp, Bruges, Brussels (two stores), Ghent, Leuven, Louvain-La-Neuve and Liege.

At the height of its popularity in Brazil, there were twelve Fnac stores operating simultaneously in several Brazilian cities.

Fnac operates a single store in Monaco, in the Metropole shopping centre.

In 2011, Fnac opened its first store in Africa, located in Morocco Mall, Casablanca, Morocco.

In 2017, Fnac opened their second store in Morocco, located in Ibn Batouta Mall in Tangier.

Fnac operates a loyalty programme offering points that are awarded each time the card is presented at the till-point, for each euro spent.

Fnac offers a selection of more expensive consumer products positioning themselves above discount retailers.