Food and Staples Retailing
Company Overview of Groupe Auchan SA
Groupe Auchan SA operates as a food retailer. It operates a chain of hypermarkets and supermarkets that provide a range of food and non-food products. As of March 19, 2013, Groupe Auchan SA operated 678 fully consolidated hypermarkets, as well as 34 associated or franchised hypermarkets in Italy, France, Spain, Portugal, Luxembourg, Poland, Hungary, Romania, Ukraine, Russia, China, and Taiwan; and 786 fully consolidated supermarkets, as well as 1,686 franchised or associate supermarkets in Italy, France, Spain, Poland, and Russia. The company is also involved in promoting, developing, managing, and investing in shopping centers. It managed 340 shopping centers, including shopping malls and r...
40, avenue de Flandre
Founded in 1961
Key Executives for Groupe Auchan SA
Chief Financial Officer and Finance Director
Development Director and Chief Executive Officer of Immochan
Chairman of Banque Accord and Chief Executive Officer of Banque Accord
Human Resources Director and General Manager of Hypermarkets - Poland
Compensation as of Fiscal Year 2013.
Groupe Auchan SA Key Developments
Auchan Reports Earnings Results for the Year 2013
Mar 10 14
Auchan reported earnings results for the year 2013. For the year, the company posted growing profits and revenues, as international sales offset sluggish demand in France. The group recorded a 17% jump in net profits to EUR 767 million, boosted by capital gains arising from the sale of assets in France, Luxembourg and Italy. Sales were meanwhile up 3.4% to EUR 48.1 billion.
Auchan Seeks To Sell Clutch Of Real Hypermarkets
Jan 22 14
Poland's competition authority has ordered Groupe Auchan SA to sell a clutch of Real hypermarkets in the country as part of its approval for the acquisition of the business from METRO AG (DB:MEO). UOKiK, Poland's Office of Competition and Consumer Protection has passed the deal but said Auchan must offload eight of the outlets. The regulator ruled Auchan's purchase of the Real stores - part of a wider acquisition of Metro's hypermarket network struck in 2012 that also took in outlets in Romania, Russia and Ukraine - would hit competition in eleven parts of Poland.
Auchan Invests RUB 32 Billion in the Expansion of its Russian Chain in 2013
Dec 3 13
Auchan invested RUB 32 billion in the expansion of its Russian chain in 2013. This year it bought the Real chain. This acquisition accounted for a considerable share of the investment. It is not difficult to buy a store, but it is much harder to set it up to operate efficiently and establish a strong team. The ninth Auchan supermarket in St. Petersburg opened Tuesday and it became Russia's number 76 Auchan store. The 4,400 square meter store offers a range of 15,000 goods, of which 80% are food goods and 20% are non-food goods. Further expansion for Auchan in the regions will depend on the results seen in Siberia. The staff turnover rate has declined in the last few years, but it is still rather high. Auchan will open a total of 23 new stores in 2013, including the Real hypermarkets acquired.
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