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2mo ago

Colruyt to Sell 104 French Stores and Cut Up to 889 Jobs

The Belgian retailer will transfer 1,319 employees to Intermarché in a move that triggers a safeguard plan for up to 889 job cuts.

Après la cessation de ces 104 magasins, Colruyt a annoncé lundi 23 juin prévoir jusqu’à 889 suppressions de postes.
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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.