|Quoting aeroblogger (Reply 149):|
DN was a massive problem for Kingfisher - the purchase meant that Kingfisher inherited a lot of debt which it couldn't afford. More importantly, buying DN meant that DN's cost structure went from that of an LCC to closer to pre-merger IT levels. They could not compete with true LCCs on price because their costs were too high.
Sorry my mistake, I always understood that the DN was the best bit of the group