Through an agreement to acquire 70% of the operator of Grand Frais, the US investment fund Apollo aims to double stores and evolve a model that has so far been entirely focused on physical retail without e-commerce. We present an analysis of a distinctive business model.
On December 16, US private equity fund Apollo Global Management signed a memorandum of understanding with French private equity fund Ardian to acquire a majority stake in Prosol. The amount of the transaction has not been disclosed. Chaired by Jean-Paul Mochet and reporting revenue of €4.5 billion in 2024 (up by 15% year-on-year through 450 stores), Prosol accounts for 75% of the Grand Frais group (Grand Frais and Fresh banners), which operates a vertically integrated model. The business is bot
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Article authors
Sophie Baqué
Chief Editor of mind Retail