Casino In talks With Auchan Retail France and Rocca

Groupe Casino has entered into exclusive negotiations with Auchan Retail France and Rocca to sell its Corsican subsidiary, Codim 2.

Codim 2 operates four hypermarkets, nine supermarkets, three cash-and-carry stores and two drive-through outlets in Corsica, the company noted. The retail chain generated a turnover of €332 million in 2023, excluding taxes.

Casino added that it intends to conduct these discussions in the best interests of Codim 2 and its employees, as well as its local partners. The French retailer seeks to ensure that all activities, employees and support functions of Codim 2 would be taken over and operated under the Auchan banner.

The announcement follows on from agreements that were made earlier this year – with Auchan Retail France and Les Mousquetaires on 24 January 2024, and with Carrefour on 8 February 2024 – to sell a total of 287 stores.

In May, Casino sold a tranche of 121 stores to Les Mousquetaires, Auchan Retail France and Carrefour. Les Mousquetaires acquired 50 supermarkets, 15 hypermarkets and one Drive outlet, Auchan Retail France bought 15 supermarkets and 17 hypermarkets, and Carrefour acquired 13 supermarkets and ten hypermarkets.

Original story Groupe Casino In Talks With Auchan Retail France And Rocca To Sell Codim 2 | ESM Magazine