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 […]
Italy: Conad to enter the Chinese market in 2015
Conad, the Italian supermarket chain, is entering the Chinese mainland with the opening of 5 new stores in the region of Shanghai, Jiangsu and Zhejiang on the 19th February 2015. The store openings, which coincide with Chinese New Year, expand Conad’s footprint in the Far East. The retailer already has a presence in Hong Kong, […]
Italy: Leclerc and Conad to terminate alliance – reports
LSA is reporting that supermarket groups E. Leclerc and Conad are to terminate an agreement between the companies in Italy which has existed for more than 10 years. According to a source close to LSA, the move would mean that all existing partnerships between the two retail groups would cease by the end of the […]