Casino Group, Zouari Family Sign New Partnership Deal For Brand Expansion
Casino Group partners with the Zouari Family to expand Franprix and Monoprix brands through a new joint venture.Summary
Casino Group has signed a new partnership agreement with the Zouari Family to accelerate the expansion of its Franprix and Monoprix brands. The agreement establishes a new entity dedicated to developing the Franprix network, with the Zouari Family holding approximately 60 percent and Franprix holding approximately 40 percent. This entity will initially operate about 30 Franprix stores, following a model similar to the one used for Monoprix, where a dedicated entity manages around 50 Monop' stores. These joint ventures will support the opening, acquisition, and development of new Franprix and Monop' stores. Additionally, Franprix will take full ownership of Pro Distribution, bringing around 90 stores under its direct control. The transaction is subject to regulatory approvals and is expected to close by the end of 2026.
(Source：Finanznachrichten.de)