Morocco. Label’Vie is raising funds to finance growth

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18 March 2020 à 15h47

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Publication: 18 March 2020 à 15h47

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18 March 2020 à 15h47

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Publication: 18 March 2020 à 15h47

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The retailer Label’Vie, a subsidiary of Retail Holding operating grocery stores plus Carrefour, Burger King and Kiabi franchises, continues a dynamic expansion in Morocco and Western Africa. With sales of €828 million in 2018 up by 9% year-on-year (the last fiscal year edited) and a net margin of 3.2% of turnover, the Moroccan retailer raised €70 million through a five-year bond loan to finance future growth.

New targets include Senegal, Mali and Burkina Faso. In September 2019, the

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