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.
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.
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 operator is also focusing on transforming the business by focusing on strategic priorities like developing its digital resources and expanding its organic assortment.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.
