France: Casino divests Vindemia chain
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 […]
Netherlands: Jumbo acquires Agrimarkt chain
Jumbo, the Dutch grocery retailer, has announced it has agreed a deal to acquire the Agrimakt retail chain from the agricultural cooperative CZAV for an undisclosed sum. Agrimarkt operates a network of six stores in Goes, Middelharnis, Roosendaal, Vlissingen, Oud-Beijerland and Terneuzen in the south-western Netherlands, employing around 360 staff. Commenting on the proposed deal, […]
China: Suning.com to buy 80% stake in Carrefour China
Suning.com, China’s third largest e-commerce platform, is planning to buy an 80% stake in Carrefour’s Chinese business for 4.8 billion CNY ($698 million), according to a report in Bloomberg. The deal values Carrefour’s China unit at 0.2 times its 2018 sales, compared to an industry average of 0.8, the news agency added. Carrefour is described […]
UAE: Majid Al Futtaim to take Carrefour to Uganda
Majid Al Futtaim (MAF), the Dubai-based conglomerate and Carrefour franchise operator in the UAE, is taking the French store brand to Uganda, according to a report in Food Business Africa. The firm is said to have already secured space at Oasis Mall in the Ugandan capital Kampala for a store selling packaged foods, drinks and household […]
UK: Lidl to expand in London
German discount retailer Lidl, which has 760 stores and 13 warehouses in the UK, has announced plans to expand in London with an investment of £500 million ($634 million), according to a story in the Retail Gazette. The sum will be invested in the next five years, including the opening of over 40 new stores […]
UAE: Spinneys expands store network
Spinneys, the Middle East grocery retailer, has announced plans to significantly expand its store presence in the UAE, with a new outlet just opened and eight more in the pipeline for 2019. In a statement, Spinneys said it planned to open eight new supermarkets in Jumeirah Golf Estate, Dubai, Damac Hills, Dubai, Dubai Creek Residences, […]
Spain: Dia may close more than 200 stores
Dia, the Spanish supermarket chain, plans to close 219 outlets this month after a buyer for them failed to materialise, according to a report in El Pais. The retailer had previously announced up to 300 of its stores might have to shut after it closed its 2018 financial year with €352 million ($396 million) in […]
China: Aldi to open two bricks and mortar stores
German discount retailer Aldi is planning to open two physical stores in China, according to reports in Retail Detail and the South China Morning Post. The stores are to be located be in the Shanghai region (in the Jing’an and Minhang districts), supplied by a new distribution centre also to be built in the locality. […]
USA: Lidl targets 100 stores by 2020
Lidl, the discount retailer, has announced an ambition to open 100 stores in the USA by 2020, including a further 25 on the country’s east coast, as part of its expansion plans in the country. The German retailer, which already operates about 10,500 stores in 29 countries, plans to open stores in Maryland, New Jersey, […]
Italy: Auchan divests subsidiary to Conad
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 […]