Casino, the leading French retail group, has announced it has reached an agreement to sell 288 stores and assoicated service stations to peers Auchan and Les Mousquetaires for an enterprise value of around €1.3 billion ($1.4 billion) Negotiations started last December with Casino aiming to sell almost all of its supermarkets and hypermarkets as part of a restructuring process. The disposals will take place in the second quarter of 2024, …
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French multinational retail group Auchan has announced the acquisition of Grupo Dia’s operation in Portugal, where the company currently operates 489 stores. According to sources, the deal includes all 489 stores under the Minipreco and Mais Perto banners, three warehouses, licenses and assets necessary for the operation. In addition, the agreement guarantees the integration of 2,650 Minipreco employees. Martín Tolcachir, global executive president of Grupo Dia commented: “Our goal is …
French retailer Auchan has announced the opening of it first store in Algeria, with doors expected to open in Q4 of this year. In a press release, Auchan said the expansion to Algeria, which is the third country that the group has entered in Africa after Senegal and Cote d’Ivoire, has been made possible through a global partnership with the Great Way Group, a major player in the retail sector …
Digital grocery specialist Ocado has announced its partnership with Auchan Poland to help the retailer develop the online business using the Ocado Smart Platform. Ocado and Auchan Poland will build a customer fulfillment centre in Warsaw starting in 2024, with more centres to be built after that. Ocado said that Auchan will benefit from its in-store fulfillment software that will enable more efficient picking from stores. Chief executive of Auchan …
Auchan, the French grocery retailer, is selling the entirety of its Italian subsidiary Auchan Retail Italia to the local retail cooperative Conad, according to a Reuters report. Auchan generated around €3.6 billion ($4.1 billion) in revenue from its 1,600-strong Italian store network last year. Commenting on the deal, an Auchan spokesperson is quoted as saying: “The business was in great difficulties. We are leaving to Conad a financial situation that will …
Retail giant Auchan has launched a new convenience store brand in Lisbon called My Auchan, according to a report in HiperSuper. The move is the result of a €6 million ($6.4 million) investment, and six of the stores are expected to open by the end of the year, Among the characteristics of the new “ultra local” stores are a differentiated product range, a focus on convenience and price and digitized services, according …
Auchan, the French grocery retailer, is partnering with parcel collection point firm Packcity to install click and collect lockers at around a dozen of its stores in France, according to an article in LSA. The rollout of the scheme follows an initial trial at two supermarkets and is an automated pick up system designed to complement Auchan’s existing ‘parcel collection’ scheme Auchan Point Retrait Libre Service. Reportedly, the lockers are …
Auchan, one of the principal French supermarket chains, has announced the launch of a service called Auchan Frais (‘Fresh’), which allows customers to order fresh products such as meat and cheese online and then arrange to collect them at their local store. Launched on the 7th March in France, Auchan Frais offers 300 lines of selected meat, cheese, fish, bakery and pastry products, in addition to cheese and meats in …
Supermarket chain Auchan is set to make an investment of €195 million ($210 million) in 2016 to develop its presence in Russia, according to a report in International Supermarket News. According to the news agency report, the bulk of the investment is set to be focused on the development of a distribution network, which would enable the retailer to open 10 new Auchan City stores and 40 stores under the …
French retail chains Auchan and Systeme U are to extend their alliance by potentially implementing a new set of franchising agreements, encompassing store rebrandings, according to a report in LSA. Auchan is said to be proposing a new arrangement that would see 70 Hyper U hypermarkets adopt the Auchan name, operating under a 10 year franchise. According to reports, the deal would also see stores in Auchan’s Simply Market chain …
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