Monoprix S.A. () is a major French

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and ...

chain with its headquarters in

Clichy, Hauts-de-Seine Clichy ( , ; sometimes unofficially Clichy-la-Garenne ) is a commune in the northwestern suburbs of Paris, France. It is located on the Seine, from the centre of Paris. In 2017, it had a population of 61,070. Located in Clichy are the headqua ...

France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan area ...

, near Paris. The company's stores combine food retailing with fashion, beauty and home products.

History

The company was founded in 1932 in Rouen by Max Heilbronn, a son-in-law of Theophile Bader, the founder of

Galeries Lafayette The Galeries Lafayette () is an upmarket French department store chain, the biggest in Europe. Its flagship store is on Boulevard Haussmann in the 9th arrondissement of Paris but it now operates in a number of other locations in France and oth ...

. In 1991, Monoprix acquired the Uniprix brand after

took over Nouvelles Galeries, the parent of Uniprix. In 1997, the chain merged with French retailer Prisunic, in a deal that saw Casino Group acquire a 21% stake in the merged company. In 2000, Galeries Lafayette, entered into an agreement to sell a 50% interest in Monoprix. Casino Group provided Galeries Lafayette with a put option to sell the remaining 50%. In 2012, after legal wrangling over the value of the put option, the shareholders of both firms agreed on a sale price of $1.6 billion (€1.2 billion). The , France's competition regulatory body, approved the transaction in 2013, with the condition that the merged group sell 58 stores. This allowed the deal to close, making Monoprix a wholly-owned subsidiary of Casino Group. Monoprix has more than 700 shops in total: most under the Monoprix brand, but also smaller Monop', Monop' Daily, Monop' Station, Monop' Beauty, and Naturalia formats. It has a presence in over 250 towns and cities in France and employs around 21,000 people.

References

External links

monoprix.fr
{{Authority control Groupe Casino Supermarkets of France Retail companies established in 1932 French brands French companies established in 1932

History

See also

References

External links