Weight loss cure for Auchan Retail

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17 June 2019 à 10h17

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Publication: 17 June 2019 à 10h17

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Appointed in October 2018 as President of Auchan Retail, Edgard Bonte is in the midst of a radical restructure to reduce losses. As a global player in the grocery retail sector with a turnover of €50.8 billion in 2018, Auchan Retail is seeking to stop a cash haemorrhage. 2018 figures reported a net loss of €1.15 billion.

The grocery retailer (founded by Gérard Mulliez) announced a closure of operations in Italy, selling to the independent retailer Conad. For the 8th consecutive year, the Italian

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