International Latest News Logistics Retail News Retail News

Conad takes over the Auchan stores, there are about a hundred in Campania

banner

WRM Group and Conad sign the closing for the acquisition of the activities of Auchan Retail Italia, announced last May by Finance community. Thus, 1,600 points of sale are included in the Conad perimeter, including those in Naples and Campania, while 33 supermarkets managed by Auchan Retail in Sicily and 50 Lillapois drugstores are not included in the agreement, says Auchan.

The agreement also provides that the shopping centres in which the Auchan Retail Italia sales outlets are located will continue to be managed by the Ceetrus company. With the acquisition of the Italian business of Auchan, Conad becomes one of the main groups in Italy in large-scale retail trade, ousting the Coops, with a market share that will rise from 13 to 19% and an aggregate turnover that, on a proforma basis and referring to the 2018 data, it amounted to 17.1 billion euros. Conad in 2018 generated a turnover of € 13.4 billion through 3,300 stores, while Auchan generated revenues of € 3.7 billion through 1,600 Auchan and Simply branded stores and 18 thousand people.

Related posts

Stater Bros. Markets presents $30,000 check to San Bernardino National Forest

admin

Iceland supermarket recalls its sweet treat products due to the fear of SALMONELLA

admin

Asda launches Christmas TV advertisements

admin