French-based retailer Casino Group has announced the agreement to sell 567 Leader Price stores and 3 warehouses to Aldi in France for an enterprise value of €735 million ($787 million). The sale is said to be in line with Casino Group’s strategy to reduce debt and improve its financial situation, reportedly amid fierce competition between French domestic retailers. According to the company, the agreement will see the transferred Leader Price …
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Casino, the French supermarket group, has announced the signature of a unilateral purchase agreement to sell Vindemia, the leading retailer in the Indian Ocean (Reunion Island, Madagascar, Mayotte, Mauritius), to the autmotive and retail business GBH for an enterprise value of €219 million ($244 million). Founded in 1972 on Reunion Island and gradually acquired by Casino between 2001 and 2007, Vindemia is said to have multi-format positioning comprising hypermarkets, supermarkets, cash …
Casino, the French supermarket group, has announced that it has signed an agreement with funds managed by affiliates of Apollo Global Management, a private equity firm, to sell it a portfolio of 12 Geant Casino hypermarkets and 20 Monoprix and Casino supermarket properties. The deal for the 32 stores amounts to €470 million ($527 million), of which €374 million ($419 million) is to be paid by the end of July. …
Casino, the French supermarket group, has announced plans to sell of a total of 32 hypermarkets and supermarkets in France as part of a plan to dispose of non-strategic assets. The retailer said it had signed agreements to sell six hypermarkets located outside the Paris region in the towns of Castelnaudary, Saint Gregoire, Dole, Cholet, Anglet and Castres, to E. Leclerc for a combined consideration of €100.5 million ($115 million). It said …
Casino, the French retail giant, is launching a new convenience stores concept focusing on organic, gourmet and locally sourced products. Launched under the Franprix Noe banner, the new concept is already available through two stores recently opened in Paris that are said to be aimed at meeting the needs of urban consumers. Casino said that the new stores offered a range of organic products, cheese and meat counters, freshly-baked products, …
French grocery chain Monoprix, owned by the Casino Group, is testing a ‘cash-free’ store in Clichy in a concept said to be inspired by the American online retailer Amazon. According to sources, the new store is internally called Monop’Go and is located near to Monoprix’s head office. To use the store, consumers will reportedly first need to download an app on their smartphone. To buy the items, they are said …
In a bid to improve its share price and reassure investors, French retail group Casino has embarked on a debt reduction plan of over €2 billion ($2.18 billion), according to reports in Retail Detail and Lineaires. The plan will predominantly be achieved through international real estate and disposing of the company’s stores in Vietnam, sources say. Casino turns over €600 million ($655 million) in the country –2.5% of its global …
French retail group Casino is looking to strengthen its presence in Brazil, including expanding its geographical footprint, according to an article from newspaper Le Figaro cited by rFi. The reports come on the back of last year’s 9.2% sales growth for Casino in Brazil, the group’s second largest global market after France. Groupe Casino has a controlling interest in CBD, the company behind leading Brazilian supermarket chain Pao de Acucar. …
French supermarket group Groupe Casino has released its financial results for the second quarter of 2014, with headline sales at €11.4 billion ($15.5 billion) across the group. Organic growth was reportedly up 6.5% compared to the same period of 2013. While sales were essentially flat in Casino’s domestic market, the group posted stronger growth in its international markets, with total sales of €7.01 billion ($9.51 billion) representing a year-on-year increase …
Exito, a subsidy of French retailer Groupe Casino, has expanded its operations in Colombia through the acquisition of 19 Colombia Super Inter stores in 2014 and the operation of 31 remaining stores that will be subject to purchase in 2015. Casino has operated in 83 cities in Colombia through its Exito offshoot since 1999, mostly in the hypermarkets and supermarkets segment but also through convenience and discount stores, and is …
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