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Casino Group has completed the sale of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses, to ALDI France for € 717 million. The group has so far sold 2.8 billion euros of assets, including several hundred discount Leader Price stores for €735 million to German rival Aldi, and has said it was working on more disposals. Casino Group completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses. Casino Group completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses. Paris, 30 th November 2020. Casino group has completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses, for an enterprise value of 717 million euros (including an earn-out of up to €35 million).
| Industry | Retail |
|---|---|
| Founded | 1989 |
| Founder | Jean Baud |
| Defunct | 2007 (in Poland) |
| Headquarters | , |
| |
| Jean-Charles Naouri (CEO) | |
| Products |
|
| Parent | Groupe Casino |
| Subsidiaries | Franprix |
| Website | leaderprice.fr |
Casino group remains the owner of the Leader Price brand and will continue to operate it in France and internationally, under certain conditions agreed with ALDI. The Group will keep its profitable.
Leader Price, (full name: Société S.A. Leader Price Holding), is a Frenchdiscount store chain of the Groupe Casino, headquartered in Paris, France.[1]
History[edit]
In September 1989, Leader Price was created after the opening of the first store in Paris by Jean Baud and Albert Baussan. From 1989, the chain primarily extended in Paris, with the American group TLC Beatrice becoming the main shareholder.
In September 1997, the Casino group took over Leader Price, with 250 stores (and Franprix, 400 stores) from TLC Beatrice, and opened Leader Price in Belgium.
In March 2010, the chain modernized and changed its logo to a more simple one. Leader Price now has over 500 stores in France.[2]
At the end of November 2020, German discount giant Aldi Nord announced that it had agreed to buy 547 Leader Price stores plus three logistics centers. The purchase prices was to be € 717 million and the stores are expected to be integrated into Aldi by 2021.[3]
Leader Price around the world[edit]
| Country | First store | Stores |
|---|---|---|
| France | 1988 | 651 |
| Martinique | 1994 | 8 |
| Belgium | 1997 | 9 |
| Guyane | 2009 | 5 |
| Djibouti | 2009 | 1 |
| Cameroon | 2011 | 1 |
| Vanuatu | 2011 | 1 |
| Guinea | 2012 | 1 |
| Togo | 2012 | 1 |
| Cape Verde | 2013 | 1 |
| Mauritania | 2014 | 1 |
| Serbia | 2015 | 1 |
| Morocco | 2016 | 1 |
| Saudi Arabia | 2019 | 9 |
| United Arab Emirates | 2019 | 8 |
| Lebanon | 2019 | 4 |
| Jordan | 2019 | 9 |
| Egypt | 2019 | 7 |
| Kuwait | 2019 | 9 |
Leader Price, (full name: Société S.A. Leader Price Holding), is a Frenchdiscount store chain of the Groupe Casino, headquartered in Paris, France.[1]
History[edit]
In September 1989, Leader Price was created after the opening of the first store in Paris by Jean Baud and Albert Baussan. From 1989, the chain primarily extended in Paris, with the American group TLC Beatrice becoming the main shareholder.
In September 1997, the Casino group took over Leader Price, with 250 stores (and Franprix, 400 stores) from TLC Beatrice, and opened Leader Price in Belgium.
In March 2010, the chain modernized and changed its logo to a more simple one. Leader Price now has over 500 stores in France.[2]
At the end of November 2020, German discount giant Aldi Nord announced that it had agreed to buy 547 Leader Price stores plus three logistics centers. The purchase prices was to be € 717 million and the stores are expected to be integrated into Aldi by 2021.[3]
Leader Price around the world[edit]
| Country | First store | Stores |
|---|---|---|
| France | 1988 | 651 |
| Martinique | 1994 | 8 |
| Belgium | 1997 | 9 |
| Guyane | 2009 | 5 |
| Djibouti | 2009 | 1 |
| Cameroon | 2011 | 1 |
| Vanuatu | 2011 | 1 |
| Guinea | 2012 | 1 |
| Togo | 2012 | 1 |
| Cape Verde | 2013 | 1 |
| Mauritania | 2014 | 1 |
| Serbia | 2015 | 1 |
| Morocco | 2016 | 1 |
| Saudi Arabia | 2019 | 9 |
| United Arab Emirates | 2019 | 8 |
| Lebanon | 2019 | 4 |
| Jordan | 2019 | 9 |
| Egypt | 2019 | 7 |
| Kuwait | 2019 | 9 |
Franprix Leader Price Groupe Casino Slots
References[edit]
- ^'Mentions légalesArchived 2009-05-09 at the Wayback Machine.' Leader Price. Retrieved on 24 June 2010. '4 Rue Galilée, 75116 Paris'
- ^'List of stores in France'. LeaderPrice.fr. Retrieved 9 June 2013.
- ^https://www.faz.net/aktuell/wirtschaft/unternehmen/lebensmitteldiscounter-aldi-uebernimmt-mehr-als-500-filialen-in-frankreich-17078721.html
Franprix Leader Price Groupe Casino No Deposit
External links[edit]
- Leader Price(in French)
- Leader Price Belgium(in French)
- Leader Price Martinique(in French)
- Leader Price Argentina(in Spanish)
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