Leader Price

Portrait for @TriTimtation
by @TriTimtation
2020-12-01T00:00:02+00:00
Business • Markets
Aldi acquires almost 550 stores in France
Aldi acquires almost 550 stores in France
Credit: Psicopatria / via Wikimedia Commons (Creative Commons Attribution ShareAlike 4.0)

Aldi takes over 547 branches and three central warehouses of its competitor Groupe Casino in France. This is the largest acquisition in the history of the Aldi Nord group, the German group announced. The food discounter estimated the deal at 717 million euros.

Already in March one had delivered a binding offer, now the competition authorities had finally agreed, Aldi communicated. The integration of the markets should be completed by the end of 2021. Most of the stores have been operated under the Leader Price brand to date. According to its own statements, Aldi Nord intends to use the acquisition to expand its market position in France and consolidate its store network there.