Casino and Lulu Group review their strategy in the Middle East

Publication

7 April 2022 à 11h21

Updated on 8 April 2022 à 12h38

Reading time

2 minutes

Publication: 7 April 2022 à 11h21, Updated on 8 April 2022 à 12h38

Reading time: 2 minutes

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Publication

7 April 2022 à 11h21

Updated on 8 April 2022 à 12h38

Reading time

2 minutes

Publication: 7 April 2022 à 11h21, Updated on 8 April 2022 à 12h38

Reading time: 2 minutes

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The grocery retail market is evolving in the United Arab Emirates. At the beginning of April 2022, the Casino Group‘s business (total sales of €30.5 billion in 2021, down by 0.8% on a comparable basis) changed hands. 18 Géant hypermarkets and supermarkets were taken over by GMG. GMG is also honouring plans to open new stores (under the Franprix and Monoprix banners) as well as exclusive rights to operate Casino’s banners in the region. The GMG group, which recently acquired the distribution...

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