Latest news with #Monoprix
Fashion United
30-06-2025
- Business
- Fashion United
Zalando appoints new general manager for Western Europe
Paris-based Laura Toledano Khelif was appointed as the new general manager for Western Europe at Zalando. In her new role, she will oversee the Benelux markets, in addition to her existing responsibilities for France, the UK and Ireland. Khelif announced her appointment via LinkedIn. "As general manager for Western Europe, I look forward to developing and leading local strategies for all my markets, and to further strengthening relationships with customers, brands and partners," said Khelif. Khelif brings over 15 years of management experience in multichannel retail, both physical and digital. From July 2009 to February 2016, she held various management roles at French retailer Monoprix. She also served as buying and marketing director for MSR, a multi-brand online fashion and lifestyle retailer. Khelif began her career at Zalando in September 2021 as general manager for France, the UK and Ireland – a role she continues to hold. Since July 2022, she has also been a board member at La Retail Tech. In addition, since April 2023, she has been lecturing at the Institut Français de la Mode, within the Executive MSc programme in Strategic Management for Fashion & Luxury. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Yahoo
26-05-2025
- Business
- Yahoo
French retailer Casino to open first stores in Morocco in 2026
(Reuters) -Casino has signed a partnership agreement with H&S Invest Holding to expand its presence to Morocco, the French food retailer said on Monday. It aims to open 210 Franprix and Monoprix convenience stores in Morocco by 2035, with the first stores to open in 2026. "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," H&S Invest Chairman Moncef Belkhayat said in the statement. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
26-05-2025
- Business
- Reuters
French retailer Casino to open first stores in Morocco in 2026
May 26 (Reuters) - Casino ( opens new tab has signed a partnership agreement with H&S Invest Holding to expand its presence to Morocco, the French food retailer said on Monday. It aims to open 210 Franprix and Monoprix convenience stores in Morocco by 2035, with the first stores to open in 2026. "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," H&S Invest Chairman Moncef Belkhayat said in the statement.
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.
Reuters
30-04-2025
- Business
- Reuters
French retailer Casino Q1 sales sequentially improve
PARIS, April 29 (Reuters) - Casino ( opens new tab said on Tuesday that first-quarter comparable sales declined 1.2% to 2 billion euros ($2.28 billion), marking a sequential improvement from a 1.8% decline in the fourth quarter 2024, which the French food retailer said was confirmed by a positive trend since early April. The owner of the Monoprix, Franprix and Naturalia brands, said adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the first quarter reached 100 million euros, down 6 million euros from the first quarter 2024. "In an challenging economic climate, activity remained steady, while the financial performance continued to be impacted by the group's transformation," the statement said. Now owned by Czech billionaire Daniel Kretinsky, Casino has been attempting a turnaround through job cuts, disposals of large loss-making stores and a refocus on inner-city convenience stores such as Monoprix and Franprix. Casino, France's seventh-largest supermarket group by market share, was brought to the brink of default in 2023 after years of debt-fuelled acquisitions and a declining market share. In a separate statement, Monoprix and the Zouari family announced plans to franchise in a joint venture 27 Monop' stores in Paris and the Île-de-France region. The project includes a renovation plan for the stores. Jobs will not be affected and will be maintained, they said.
