In , nearly a hundred Casino mini-markets will become part of Carrefour

The Carrefour group announced that it would take over nearly a hundred convenience stores in the south of . These stores are currently franchised under Casino group brands.

“From 1is February 2025, the 92 stores »located in the region and owned by the franchisee Puig & Fils, “will gradually adopt Carrefour’s identity and standards”announced the group on Tuesday, February 14, in a press release.

According to the specialized media LSAwhich revealed the information, these convenience stores achieve an annual turnover of around 70 million euros and employ 500 people. Until now, they were operated under the Petit Casino, Vival and Spar brands, which belong to the Casino group. They will be, from 1is February, under the Carrefour City, Carrefour Express and Proxi brands. The financial details of the partnership signed between Carrefour and Puig & Fils have not been specified.

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“Attached to the local roots of our company created in Occitanie more than a hundred years ago, (…)we are proud to write with Carrefour, this new page in our history”commented Guillaume Puig, president of Puig & Fils, quoted in the press release.

Casino, strangled by its debt, had to sell almost all of its large format stores to its competitors. It has refocused around smaller store brands, Monoprix, Franprix, Vival and Spar.

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“As part of this recovery, we have decided to revisit a certain number of contracts”including the one with Puig & Fils, explained to Agence France-Presse, the Casino group, “in particular to try to find conditions that are more economically viable for us”.

“We did” at Puig & Fils “an offer at the limit of economic viability for the Casino group, but they preferred another”he added. The contract represented 16 million euros in turnover for Casino.

Its new management has put franchising at the heart of its strategy and intends to make it a “champion of proximity”, “but there must be a certain profitability”he further noted.

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The World with AFP

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