Auchan buys 25 Parisian shops from Casino | RetailDetail

Auchan buys 25 Parisian shops from Casino

Auchan buys 25 Parisian shops from Casino

French distributor Auchan has bought 25 Parisian Casino stores after the latter was forced to sell 55 stores after it had seized control of Monoprix nearly two years ago.

55 Parisian stores get new owner

Auchan beat Intermarché and Carrefour to the bulk of the Parisian convenience stores Casino had on sale and the 25 stores will probably be transformed into A2Pas, Auchan's branch of urban shops it is currently expanding.

 

Seven stores will move to G20, a group of independent entrepreneurs linked to the regional Diapar group. Marks & Spencer will transform 6 Casino's into M&S Food stores, with the remainder of the stores in the hands of independent entrepreneurs. Two of them plan to create a bio-focused urban shop.

 

A consequence of the Monoprix deal

Now that Casino has parted with the 55 Parisian stores, it has followed up on an explicit demand from the French anti-trust authority, which refused to greenlight the Monoprix purchase unless it got rid of the remaining 55 Parisian stores. Otherwise, the group would have been too dominant in the French capital.

 

Casino managed to buy Monoprix after a fierce battle with Galeries Lafayette, a fight that even reached the Parisian commercial court. In the end, Casino paid 1.175 billion euro for the 50 % of shares owned by the family holding that also owns Galeries Lafayette. The Moulin family has invested a large chunk of that money into Carrefour, which "happens" to be one of Casino's largest competitors.

Questions or comments? Please feel free to contact the editors


Suitsupply suffers losses because of expansion

15/05/2018

Dutch Suitsupply has experienced a decent turnover growth last year, but its net result tumbled below zero because of its huge investments. Nevertheless, that is the only way forward according to its founder, whose focus is still fixed on the United States.

Starting this Friday, Belgium has its own national e-commerce event

15/05/2018

Move over, Black Friday! This week, Belgium launches its own national e-commerce event as Jack & Jones, Kiabi, La Redoute, Sarenza, Tape à l'Oeil and Veritas organise the first Belgian Friday.

H&M is turning to algorithms to boost sales again

14/05/2018

In an effort to reverse the decline in its worldwide sales, H&M is using technology that will help the world’s largest clothing brand stock its stores more efficiently, sell more effectively and adapt more quickly to current consumer trends.

Zalando's profit wiped away in first quarter

08/05/2018

German online retailer Zalando saw its first quarter profit completely wiped away: last year's 5.1 million euro net profit turned into a 15 million euro loss. Turnover grew 22 %, investments being the cause for both.

Strong online growth for Hugo Boss

03/05/2018

German fashion brand Hugo Boss managed growth in every region in the first quarter. Group turnover grew 5 % to 650 million euro, partially thanks to strong web shop sales.

France will impose recycling for unsold clothing in 2019

02/05/2018

The French government plans to impose a ban on the disposal or destruction of unsold clothing by fashion companies. The measure extends the rules already in place for food waste to the spillage of clothing.