Money Buzz! Europa

Tag: auchan

  • Auchan sells its stake in Chinese food retailer Sun Art to Alibaba

    Auchan sells its stake in Chinese food retailer Sun Art to Alibaba

    Auchan accepted Alibaba’s proposal to acquire its entire stake in Sun Art (484 hypermarkets, 150.000 employees, largest market share for food in China).

    The transaction will be carried out at the equivalent price of HKD 8.10 per share, which will be the basis for a public takeover bid.

    On 20 November 2017, Alibaba, Auchan and Ruentex Group announced a strategic alliance that brings together online and offline expertise to explore new retail opportunities in China’s food retail sector.

    As part of this strategic alliance, Auchan obtained an indirect stake of approximately 36.18%, and Alibaba invested a toal of approximately HK$22.4 billion to obtain an aggregate direct and indirect stake of approximately 36.17% in Sun Art Retail Group Limited.

  • Auchan expands its Piéton ”click & collect” units in Lille

    Auchan expands its Piéton ”click & collect” units in Lille

    Auchan is opening three new Auchan Piéton stores in Lille following on from those already on Rue Saint Sébastien and Rue Solférino, which opened in 2018 and 2019 respectively.

    Through these new points of contact, online orders can be collected on foot from a storage unit at the heart of each neighbourhood and will be supplied by Auchan stores in the region and their drive-thrus (Englos and Faches-Thumesnil) in order to offer the hypermarket service in city centres.

    These stores are opened from Monday to Saturday from 10am to 9pm and customers can click & collect within 3 hours without a specific time slot.

    Lille is Auchan’s laboratory for experimenting with this new “Click and Collect” shopping experience.

  • Bennet acquired 7 former Auchan hypermarkets in Lombardy

    Bennet acquired 7 former Auchan hypermarkets in Lombardy

    Bennet made a major acquisition of Auchan hypermarkets, Giornale di Brescia noted. The company announced the acquisition of 7 Auchan hypermarkets sold by Margherita Distribution S.p.A.

    All employees working in the acquired hypermarkets will join Bennet team, which sees the number of employees increase to about 8.000.

    The seven hypermarkets are thus distributed:

    • two in the province of Milan (Cesano Boscone and Nerviano),
    • two in the province of Brescia (Concesio and Mazzano),
    • one in the province of Lodi (Codogno),
    • one in the province of Bergamo (Antegnate)
    • a superstore in Milan (Avenue Monza).

    This brings the total number of hypermarkets and superstores to Bennet to 71.

  • Auchan signs a strategic partnership with Glovo in Poland

    Auchan signs a strategic partnership with Glovo in Poland

    Following the success of the test launched a year ago in Ukraine, Auchan and Glovo have decided to enter into a strategic partnership in four European countries (Spain, Portugal, Poland and Ukraine).

    This partnership will allow Auchan to accelerate their digital outreach and food e-commerce policies for the benefit of customers in these countries, and enable Glovo to strengthen its position as the local leader in home delivery.

    Both partners are leaving the door open to expand their partnership to other countries, depending on future opportunities.

    The partnership was launched in Ukraine in May 2019 with 20 stores and in Portugal in April 2020 with 1 store in Lisbon.