Kingfisher is Europe's largest publicly traded home improvement retail group and the third-largest publicly traded globally behind Lowe's and Home Depot. With more than 1,350 stores across Europe, Kingfisher generated annual sales of GBP 11.5 billion in fiscal 2020. Its main retail brands are B&Q and Screwfix in the United Kingdom and Castorama and Brico Depot in France. The company also operates the Koctas brand, a 50% joint venture in Turkey with Koc Holding. It sold its majority stake in its China business to Wumei Holdings, a Chinese retailer, in 2015. Kingfisher announced in 2018 that it was closing its stores in Germany, Spain, and Portugal. The new Powered by Kingfisher plan aims to cater to local market demand.