Casino sells three hypermarkets to Leclerc for 38 million euros

Date: 17/06/2019 Comments: 0
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Casino sells three hypermarkets to Leclerc for 38 million euros

Groupe Casino has announced that it has completed the sale of three hypermarkets in Castelnaudary, Anglet, and Castres in France to Leclerc members for 38 million euros. In January of this year, the retail group said that it was in the process of divesting six of its 'Géant' hypermarket stores to Leclerc for 100.5 million euros. 

Casino has also reiterated that this divestment is not a part of its non-strategic assets disposal plan, which was announced in June of 2018. The Géant banner is also focusing on transforming the business by focusing on strategic priorities like developing its digital resources and expanding its organic assortment.

Source: https://www.esmmagazine.com

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