Latest news with #CasinoGroup
Yahoo
5 days ago
- Business
- Yahoo
Casino to introduce Franprix and Monoprix retail brands in Morocco
French convenience retailer Casino Group has partnered with Moroccan conglomerate H&S Invest to introduce its retail brands in Morocco. The collaboration seeks to establish 210 Franprix and Monoprix stores across the country by 2035. The alliance is part of Casino Group's international growth plan through franchising. The group, with operations spanning 30 nations, already collaborates with 472 franchised outlets outside mainland France, contributing to 3.5% of its net sales in 2024. Casino Group CEO Philippe Palazzi stated: 'This partnership with H&S Invest Holding is fully in line with our strategy of expanding internationally through franchising. It illustrates our ability to leverage the strength of our brands, our logistics know-how and our expertise in convenience retailing in a market as dynamic as Morocco. 'Thanks to H&S Invest Holding's deep local roots and solid operations, we will be able to rapidly roll out a network of high-performance convenience stores in step with changing consumer habits in Morocco.' H&S Invest views the partnership as an opportunity to diversify its retail division. The introduction of Franprix and Monoprix is expected to improve the Moroccan convenience retail landscape. Franprix operates convenience stores in cities and towns while Monoprix offers food, apparel, home goods, beauty products and leisure items. The inaugural stores will launch in 2026 and will offer a curated selection of fresh goods, and a substantial quantity of local products. H&S Invest Holding chairman Moncef Belkhayat stated: 'We are proud to be partnering with a major international player like Casino Group. This strategic partnership will enable us to offer a new customer experience in the Moroccan market. By 2030, we aim to create more than 1,000 direct and indirect jobs across the Kingdom through the roll-out of the Franprix and Monoprix banners.' In the first quarter of fiscal 2025, net sales of the Monoprix brand dropped 0.6% and Franprix's sales by 1.7%, compared to the same period in fiscal 2024. "Casino to introduce Franprix and Monoprix retail brands in Morocco" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Casino Group and H&S Invest Holding plan to open 210 convenience stores in Morocco with by 2035
Casino Group and H&S Invest Holding plan to open 210 convenience stores in Morocco with by 2035 Casino Group and H&S Invest Holding sign a strategic partnership agreement to deploy the French Group's brands in Morocco. The aim of this exclusive partnership is to open more than 210 Franprix and Monoprix brand stores over the next ten years throughout Morocco. The partnership marks a decisive step in Casino Group's new international expansion strategy, which is leveraging franchising to strengthen the presence of its emblematic brands outside of France. Already present in more than 30 countries, the Group is already a partner of 472 franchised stores outside Metropolitan France representing 3.5% of its net sales in 2024. For H&S Invest Holding, a Moroccan multi-business group specialising in essential sectors, this partnership is part of a drive to diversify its Retail division. By introducing Franprix and Monoprix in Morocco, the group aims to enrich the country's convenience retail offering with innovative concepts combining quality food products, fast food, everyday services and a digitalised customer first stores will open in 2026, with positioning based on quality, convenience, a range of carefully selected fresh produce and a high proportion of local products. Philippe Palazzi, Chief Executive Officer of Casino Group, said:'This partnership with H&S Invest Holding is fully in line with our strategy of expanding internationally through franchising. It illustrates our ability to leverage the strength of our brands, our logistics know-how and our expertise in convenience retailing in a market as dynamic as Morocco. Thanks to H&S Invest Holding's deep local roots and solid operations, we will be able to rapidly roll out a network of high-performance convenience stores in step with changing consumer habits in Morocco.' Moncef Belkhayat, Chairman of H&S Invest Holding, added:'We are proud to be partnering with a major international player like Casino Group. This strategic partnership will enable us to offer a new customer experience in the Moroccan market. By 2030, we aim to create more than 1,000 direct and indirect jobs across the Kingdom through the roll-out of the Franprix and Monoprix banners.'Founded in 2005, H&S Invest Holding is a multi-sector Moroccan group operating in manufacturing, logistics, real estate and media & communication. Active in essential sectors, it is a key player in the production and the distribution of food, hygiene, beauty and health products. With a strategy based on excellence, innovation and governance in line with international standards, the group has established itself as a vital component of the national economic Group is a recognised leader in the French retail market. It operates the country's largest network of convenience stores, with some 7,500 points of sale, and ranks second in online non-food retailing through its Cdiscount brand. Thanks to its more than 25,000 employees, driven by their passion for retailing and customer service, the Group has built a portfolio of strong, dynamic, complementary brands and generated gross merchandise volume (VAT included) of €12.4 billion in 2024. With a clear vision of how its industry is changing, the Group is committed to accelerating the transformation of retail. To this end, all its retail activities are positioned in the future-facing convenience, premium and e-commerce segments. For more information, visit and Monoprix are two emblematic urban convenience retailing brands in France. specialises in convenience stores in towns and cities. At the heart of neighbourhood life, Franprix stores offer urban dwellers choice, quality products and innovative services. The ever-evolving brand continues to reinvent the local neighbourhood store to meet its customers' needs. stands out for its 'everything under one roof' offering that caters to all budgets. It provides a broad spectrum of food, fashion, home, beauty and leisure products. In addition to private-label products, customers can find exclusive major brand offers and premium brand collaborations. This announcement is for information purposes only, in accordance with currently applicable laws and regulations, and does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. *** ANALYST AND INVESTOR CONTACTS Charlotte Izabel – cizabel@ – Tel: +33 (0)6 89 19 88 33 Investor Relations – IR_Casino@ – Tel: +33 (0)1 53 65 24 17 PRESS CONTACTS Casino Group – Communications Director Stéphanie Abadie – sabadie@ – Tel.: +33 (0)6 26 27 37 05 Press Office – directiondelacommunication@ – Tel: +33 (0)1 53 65 24 29 Attachment 2025-05-26 - PR - Casino Group H&S Invest Holding 210 stores Morocco 2035Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
Casino reports Q1 2025 net sales down on LFL basis
French retail group Casino Group reported net sales of €2.00bn ($2.27m) in the first quarter (Q1) of financial year 2025 (FY25), reflecting a drop of 1.2% on a comparable basis and 5.0% in reported figures. This downturn includes the impact of a 1.1 percentage point calendar effect due to the leap year in 2024 and the shift of Easter into April, as well as approximately a 2.7 percentage point effect from its convenience store network optimisation. The group's convenience brands, including Monoprix, Naturalia, Franprix, and Casino labels, experienced a 0.7% dip in net sales on a like-for-like (LFL) basis over the quarter. Specifically, Monoprix saw its net sales shrink by 0.6% while Franprix's sales fell by 1.7%, echoing the trend from the previous quarter. Other Casino brand outlets such as Vival, Spar, and Petit Casino also reported a 1.9% decline on a LFL basis. Casino Group's gross merchandise volume reached €2.90bn in Q1 FY25, marking a 3.6% reduction compared to the same period in the previous year. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) decreased by €6m to €100m over the quarter; however, excluding disynergies, adjusted EBITDA would have seen an increase of €6m. Throughout Q1 2025, Casino Group persisted in streamlining its store network, closing 466 stores, 96% of which were managed by franchisees or through business leases. Additionally, the group opened 31 new outlets, with franchisees or business leases operating 90% of them. In a related news, Monoprix aims to franchise 27 Monop' stores in Paris and the Île-de-France region to a joint venture with the Zouari family. This initiative aligns with Monoprix's strategy to invigorate sales and accelerate expansion through collaboration with established partners. The plan includes renovating these stores to align with the latest Monop' concept standards while preserving existing jobs. Completion of this transaction is pending consultations with employee representative bodies and requisite legal procedures, along with approval from the French Competition Authority. Casino Group chief executive officer and Monoprix chair Philippe Palazzi said: 'This partnership is fully in line with our strategy of revitalising our store network and developing the franchise model. "With the support of a strategic, longstanding partner like the Zouari family, we will be able to modernise our network faster and strengthen our appeal in city centres.' "Casino reports Q1 2025 net sales down on LFL basis" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
14-02-2025
- Business
- Yahoo
Casino Group: Change in the ownership structure of Infinity Advertising
PRESS RELEASE February 14, 2025 Change in the ownership structure of Infinity Advertising Following the redefinition of the purchasing alliance between the Casino Group and the Mousquetaires Group in 2024, the two groups are reorganising the ownership structure of their Retail Media subsidiary, Infinity Advertising. The reorganisation sees the Mousquetaires Group become the sole shareholder of Infinity Advertising. In September 2021, the Casino Group, through its subsidiary RelevanC, and Groupement Mousquetaires, created Infinity Advertising, a joint venture responsible for marketing Retail Media services to food suppliers and their media agencies in France. This joint venture successfully monetised one of France's most extensive retail transactional datasets, leveraging, in particular, technologies developed by RelevanC. Following the recent evolution of the purchasing alliance between the two groups, the Mousquetaires Group will acquire RelevanC's shares in Infinity Advertising. Infinity Advertising will continue to market Retail Media services for Monoprix, Franprix, Casino and Intermarché, while still utilising RelevanC's technologies among other resources. The change in shareholding will have no impact on Infinity Advertising's operations nor on the services it provides to agencies and advertisers. About Groupement Mousquetaires Groupement Mousquetaires was created in 1969 and is based on a private initiative. It gathers together over 3,000 independent entrepreneurs, 150,000 employees and has over 4,000 stores that are part of 7 store brands Intermarché, Netto (food); Bricomarché, Brico Cash, Bricorama (home equipment); Roady and Rapid Pare-Brise (mobility). Groupement Mousquetaires has its own support services, logistics bases and 56 factories agri-food companies, all located in France. Groupement Mousquetaires also deploys its brands in Belgium, Poland and Portugal. To find out more: About Casino Group Casino Group is a recognised leader in the French retail market, with 7,700 stores nationwide. And ranks second in online non-food retailing through its Cdiscount brand. Thanks to its more than 25,000 employees driven by their passion for retailing and customer service, the Group has built a portfolio of strong, dynamic, complementary brands (Monoprix, Franprix, Casino, Spar, Vival, Naturalia) and reported net sales of €9bn in 2023. With a clear vision of how its industry is changing, the Group is committed to accelerating the transformation of retail. To this end, all its retail activities are positioned in the future-facing convenience, premium and e-commerce segments. Groupement Mousquetaires Press Contacts Angie Agency: Charlotte Rabilloud - crabilloud@ – 06 62 03 28 34Angie Agency: Antoine Graiff - agraiff@ - 06 02 07 17 33Press: presse@ Casino Group contacts Press contacts Stéphanie Abadie - sabadie@ - 06 26 27 37 05 Press - directiondelacommunication@ - 01 53 65 24 29 Analysts and investors contacts Charlotte Izabel - cizabel@ - 06 89 19 88 33 Investor Relations - IR_Casino@ - 01 53 65 24 17 Attachment 2025 02 14 - PR - Infinity AdvertisingSign in to access your portfolio
