Monoprix
Template:Short description Script error: No such module "about". Template:Use dmy dates Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters".
Monoprix S.A. (Script error: No such module "IPA".) is a major French retail chain with its headquarters in Clichy, Hauts-de-Seine, France, near Paris.[1] The company's stores combine food retailing with fashion, beauty and home products.
History
The company was founded in 1932 in Rouen by Max Heilbronn, a son-in-law of Theophile Bader, the founder of Galeries Lafayette.[2]
In 1991, Monoprix acquired the Uniprix brand after Galeries Lafayette took over Nouvelles Galeries, the parent of Uniprix.Script error: No such module "Unsubst".
In 1997, the chain merged with French retailer Prisunic, in a deal that saw Casino Group acquire a 21% stake in the merged company.[3]
In 2000, Galeries Lafayette, entered into an agreement to sell a 50% interest in Monoprix. Casino Group provided Galeries Lafayette with a put option to sell the remaining 50%. In 2012, after legal wrangling over the value of the put option, the shareholders of both firms agreed on a sale price of $1.6 billion (€1.2 billion).[4] The Script error: No such module "Lang"., France's competition regulatory body, approved the transaction in 2013, with the condition that the merged group sell 58 stores. This allowed the deal to close, making Monoprix a wholly-owned subsidiary of Casino Group.[5]
In 2023, Monoprix's parent Casino announced that they have completed a deal to avoid bankruptcy. This restructuring procedure would allow for the company to cut high debt and improve recent losses to other rival supermarket corporations.[6] In 2024, Casino USA filed for Chapter 15 bankruptcy.[7]
Monoprix currently has more than 700 shops in total: most under the Monoprix brand, but also smaller Monop', Monop' Daily, Monop' Station, Monop' Beauty, and Naturalia formats.[8] It has a presence in over 250 towns and cities in France and employs around 21,000 people.
International stores
In 1933 Monoprix opened in Tunisia (Monoprix Tunisia), [9] where there are 85 stores operated under a management contract.[10]
Stores in Morocco had previously operated in the 20th century.
Monoprix acquired Prisunic's stores in Mauritius in 1975 and left the market in 2019;[11] it plans to return to Mauritius in early 2025.[12]
Monoprix entered Lebanon in 1999 and closed its stores in 2019; in early 2024 it was announced that Monoprix would return to Lebanon in 2024,[13] but it is uncertain if the store will open due to the 2024 Israeli invasion of Lebanon.
Stores were opened in Andorra in 2009.[14] They have since closed.
In 2013 Monoprix opened a store in Doha, Qatar.[9] A store was also opened in Libya, however it later closed.[10]
Monoprix opened in Luxembourg in 2014.[15]
Intentions to expand to Germany, the Netherlands, Portugal, Scandinavia and Spain were announced in late 2020.[16]
They expanded to the UAE in 2022 with the opening of a store in Abu Dhabi.[17]
In Spring 2024 Monoprix opened its first Belgian store.[18]
Stores are planned to open in Egypt in 2025.[19]
References
<templatestyles src="Reflist/styles.css" />
- ↑ "Informations légales Template:Webarchive." Monoprix. Retrieved on 4 February 2010. "Siège social : 14 - 16 rue Marc Bloch 92116 CLICHY Cedex"
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ a b Script error: No such module "citation/CS1".
- ↑ a b Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
Script error: No such module "Check for unknown parameters".
External links
Script error: No such module "Navbox". Script error: No such module "Navbox".