French retailer Casino has announced that it has signed a strategic partnership agreement with H&S, a Moroccan multi-business group, to enter the Moroccan market. Through the partnership, Casino is set to open 210 convenience stores under the Franprix and Monoprix banners across Morocco by 2035. The rollout will be managed by a dedicated subsidiary and supported by an investment of 1 billion MAD ($108 million) over the period 2025 to 2027. …
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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, …
French retailer Casino Group has announced the opening of a new store in Belgium under the convenience store banner Monoprix, the first one in the country. According to sources, the new store will be located in the centre of Waterloo, where Transversale – the firm’s master franchisee – has already collected a permit from local authorities to open the business. The new store is planned to operate in a 3285 …
Brazilian retailer GPA SA is reportedly considering a spin off of its Colombian unit Almacenes Exito, in an operation that would deliver shares in the subsidiary to GPA shareholders, including the French Casino Guichard Perrachon, according to sources. The transaction would be similar to the recent spin off of GPA’s cash and carry unit, Assai, and it would be part of the French group Casino strategy to simplify its structure …
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 …
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 …
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