French Supermarket Sell-Off Continues: Auchan To Offload 21 Sites
Auchan Retail has become the latest French supermarket to announce a streamlining of its store estate, with the news that the group is to sell 21 sites, including 13 supermarkets and four 'drive' outlets.
The group follows in the footsteps of rival Groupe Casino, which recently announced the sale of a portfolio of hypermarkets and supermarkets to asset management firm Apollo Global.
Fellow French retailer Carrefour, meanwhile. is also making efforts to curb the size of its estate, targeting a 400,000 square metre reduction across its global hypermarket portfolio by 2022.
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