Casino sells 55 stores in Paris to comply with French Competition Authority
Auchan will make the the 25 selling points into 'A2Pas' stores (in2Steps), a small urban supermarket format that the chain is in the process of deploying.
Seven other Casino stores will be taken over by G20, an independent group linked to the regional group Diapar. Marks & Spencer is expected to take over 6 shops that will be M&S Food stores. The remaining shops were bought by independent retailers, of which two are organic supermarkets.
By selling these 55 shops in Paris, Casino is complying with requirements from the French Competition Authority, who gave the green light for them to buy the whole of Monoprix, on the condition that they sell 55 shops in Paris (to avoid the group becoming too dominant in the capital).
Casino acquired the whole of Monoprix following a battle in court with Galeries Lafayette.