Overview
- Colruyt announced on June 23 that it will sell 81 of its 104 French stores to Les Mousquetaires/Intermarché for about €215 million and is seeking buyers for the remaining 24 outlets.
- The deal includes the automatic transfer of 1,319 employees from Colruyt’s network of nearly 2,300 staff in France, predominantly in the northeast region.
- The group projects up to 889 economic layoffs as part of a total planned reduction of 950 positions to be completed by the first quarter of 2026.
- Management is preparing a formal jobs safeguard plan and has scheduled a July 4 meeting at its Jura headquarters to launch the redundancy procedure.
- Colruyt cited intense competition and unachieved profitability targets in the French food retail market as reasons for its strategic withdrawal.