2023-06-09 21:00:49
The Mulliez family proposed to Daniel Kretinsky to merge Auchan France (as well as its property company Ceetrus) with the Casino group. NICOLAS GUYONNET/Hans Lucas via AFP
INFO LE FIGARO – This proposal was made to the businessman. But he has other plans for the band.
The setbacks of Casino, crippled with debts and destined to change shareholders, have whetted the appetite of Auchan, the other diseased retailer in France. Since the failure of its marriage attempts with Systeme U in 2015, then with Carrefour in 2021, the northern distributor has been looking for a major operation that will allow it to depend less on its French hypermarkets, whose operational difficulties have plagued its accounts for several years. According to our information, the Mulliez family proposed to Daniel Kretinsky to merge Auchan France (as well as its property company Ceetrus) with the Casino group. It is Philippe Brochard, the new boss of Auchan France, who is in charge of this sensitive issue.
Such a marriage would make it possible to create a group with 40 billion euros in turnover, endowed with a 15% market share, which would be on the heels of Intermarché (16.2% market share), the third player in distribution in France behind Carrefour (19.7%) and Leclerc (23.2%). It would benefit…
This article is for subscribers only. You have 74% left to discover.
Want to read more?
Unlock all items immediately.
Already subscribed? Login
#Auchan #proposes #merger #Daniel #Kretinsky