Latest news with #Franprix
Morocco World
3 days ago
- Business
- Morocco World
French Retail Group Casino to Launch Over 210 Stores in Morocco by 2035
Rabat – French retail group Casino and Moroccan multi-sector company H&S Invest Holding announced on Monday a new partnership to bring Casino's brands to Morocco. The first stores are expected to open in 2026. The two companies said in a joint statement the goal is to open more than 210 stores across Morocco over the next 10 years. These stores will operate under the French brands Franprix and Monoprix. Casino described the agreement as an important step in its new international growth strategy. The group aims to expand abroad through franchising, allowing local partners to run stores under its brand. Casino already works with 472 franchised stores outside mainland France, which made up 3.5% of its total revenue in 2024. Casino CEO Philippe Palazzi and Moncef Belkhayat, President of H&S Invest Holding, signed the partnership this morning in Rabat. Moroccan Minister of Industry and Trade Ryad Mezzour and France's Ambassador to Morocco Christophe Lecourtier also attended the signing ceremony. Pallazi expressed optimism about the new partnership and described it as an important moment for Groupe Casino and a sign of their shared ambition for Morocco. 'This collaboration perfectly reflects our strategy: relying on the strength of our brands, our expertise in franchising and logistics, and on solid partners to deliver a quality, local convenience offering that meets local expectations,' he said in a statement. Meanwhile, H&S Invest Holding said the partnership marks the beginning of 'a strategic partnership for the development of the Monoprix and Franprix brands in the Moroccan market.' The company added that the project is set to 'transform' local retail in Morocco by offering a modern shopping experience, with high-quality products, fresh food options, and services tailored to new urban lifestyles. The project also includes the creation of a dedicated purchasing center to support neighbourhood grocery stores. Tags: group casinoMoroccoretail
Ya Biladi
3 days ago
- Business
- Ya Biladi
Moncef Bekhayat plans to open 210 Franprix and Monoprix stores in Morocco
The French group Casino announced on Monday the signing of a strategic partnership with the Moroccan company H&S Invest Holding, with plans to open 210 Franprix and Monoprix stores in Morocco by 2035. This alliance is part of Casino's new international expansion strategy, which relies on franchising to boost its brands' presence abroad. The group, which also owns Vival and the online retailer CDiscount, aims to capitalize on the popularity of its local convenience store brands. H&S Invest Holding, described as a «Moroccan multi-business group specializing in the life economy», sees this partnership as a way to diversify its retail division. According to its president, Moncef Belkhayat, the first stores are expected to open in 2026, with the goal of creating over 1,000 direct and indirect jobs across the Kingdom by 2030. The development of the Franprix and Monoprix brands is expected to invigorate the local retail landscape and meet the growing demand for quality and convenience. From Casino's perspective, the partnership represents a significant opportunity. «This partnership is fully aligned with our international development strategy through franchising», said Philippe Palazzi, the group's CEO, in a statement. He believes the local presence and strong operational expertise of H&S Invest Holding will enable the rapid rollout of an efficient store network, adapted to the evolving consumption habits of Moroccans. Controlled by Czech billionaire Daniel Kretinsky, the Casino group operates in over 20 countries and has 472 franchised stores outside mainland France, accounting for 3.5% of its 2024 revenue. Despite this international footprint, the group recorded a 5% drop in sales in the first quarter of 2025, with net sales down to 2 billion euros.
Yahoo
3 days ago
- 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
3 days ago
- 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
3 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
