Latest news with #Monoprix
Yahoo
4 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
4 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
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.
African Manager
18-03-2025
- Automotive
- African Manager
Tunisia: Turnover of car dealers to exceed DT 1.3 billion in 2024
The figures for the consumer services sector, which includes 11 listed companies (including UADH, which has not yet published its indicators), show a total turnover of TND 5,382 million, compared with TND 5,019 million in the previous year. The turnover of the two listed supermarket chains (Monoprix and MG) increased by 6.6% in the 12 months to 2024, reaching TND 1,914 million compared to TND 1,796 million in 2023. Similarly, the total sales of the four car dealerships (excluding UADH) went up by 7.9% to reach TND 1,323 million at December 31, 2024, compared with TND 1,226 million in 2023.
