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.