Leader Price Casino
- Casino Leader Price Disposal
- Leader Price Casino Stocks
- Leader Price Geant Casino
- Casino Leader Price Sale
Casino group has completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses, for an enterprise value of 717 million euros (including an earn-out of up to. French retailer Casino has announced that it has completed the sale of 545 Leader Price stores in France, two Casino supermarkets, and three warehouses to Aldi France for €717 million.
Casino Leader Price Disposal
| Industry | Retail |
|---|---|
| Founded | 1989 |
| Founder | Jean Baud |
| Defunct | 2007 (in Poland) |
| Headquarters | , |
| |
| Jean-Charles Naouri (CEO) | |
| Products |
|
| Parent | Groupe Casino |
| Subsidiaries | Franprix |
| Website | leaderprice.fr |
Leader Price, (full name: Société S.A. Leader Price Holding), is a Frenchdiscount store chain of the Groupe Casino, headquartered in Paris, France.[1]
History[edit]
In September 1989, Leader Price was created after the opening of the first store in Paris by Jean Baud and Albert Baussan. From 1989, the chain primarily extended in Paris, with the American group TLC Beatrice becoming the main shareholder.
In September 1997, the Casino group took over Leader Price, with 250 stores (and Franprix, 400 stores) from TLC Beatrice, and opened Leader Price in Belgium.
In March 2010, the chain modernized and changed its logo to a more simple one. Leader Price now has over 500 stores in France.[2]
At the end of November 2020, German discount giant Aldi Nord announced that it had agreed to buy 547 Leader Price stores plus three logistics centers. The purchase prices was to be € 717 million and the stores are expected to be integrated into Aldi by 2021.[3]
Leader Price around the world[edit]
| Country | First store | Stores |
|---|---|---|
| France | 1988 | 651 |
| Martinique | 1994 | 8 |
| Belgium | 1997 | 9 |
| Guyane | 2009 | 5 |
| Djibouti | 2009 | 1 |
| Cameroon | 2011 | 1 |
| Vanuatu | 2011 | 1 |
| Guinea | 2012 | 1 |
| Togo | 2012 | 1 |
| Cape Verde | 2013 | 1 |
| Mauritania | 2014 | 1 |
| Serbia | 2015 | 1 |
| Morocco | 2016 | 1 |
| Saudi Arabia | 2019 | 9 |
| United Arab Emirates | 2019 | 8 |
| Lebanon | 2019 | 4 |
| Jordan | 2019 | 9 |
| Egypt | 2019 | 7 |
| Kuwait | 2019 | 9 |
References[edit]
- ^'Mentions légalesArchived 2009-05-09 at the Wayback Machine.' Leader Price. Retrieved on 24 June 2010. '4 Rue Galilée, 75116 Paris'
- ^'List of stores in France'. LeaderPrice.fr. Retrieved 9 June 2013.
- ^https://www.faz.net/aktuell/wirtschaft/unternehmen/lebensmitteldiscounter-aldi-uebernimmt-mehr-als-500-filialen-in-frankreich-17078721.html
External links[edit]
- Leader Price(in French)
- Leader Price Belgium(in French)
- Leader Price Martinique(in French)
- Leader Price Argentina(in Spanish)
SUPERMARKETS: The Casino group is no longer in exclusive negotiations with Aldi for the acquisition of Leader price
Leader Price Casino Stocks
The 700 Leader Price stores are still for sale. And contrary to what had been announced in January, the Aldi chain is not the only interested in this acquisition, according to information from Business Insider.
Leader Price Geant Casino
In September 2019, the German hard discounter entered into exclusive negotiations with Casino for the takeover of the Leader Price supermarket park. The amount of the transaction was estimated at more than 400 million euros at the time. In January, we learned that the two parties had agreed on an amount of 750 million.
Objective: to go beyond Lidl
The Casino group would now have more choices to sell Leader Price, which it became the owner in 1997. Since December 2019, other players have “shown interest” in the store base and “have had access to information from the disposal, ”says Business Insider. Aldi and Casino are still in negotiations.
Casino Leader Price Sale
A decision could also fall within a few weeks. The expectation comes from “the complexity [of the file] linked to the different statuses of the 700 Leader Price stores”. If Aldi, which has around 900 points of sale in France, concludes this purchase, it could catch up with Lidl, its competitor. In 2019, the German distributor’s market share represented 2.4% compared to 5.9% for Lidl, which has 1,500 stores in the territory.