Overview
- Día formally opened a process to find a buyer or strategic partner and granted a search mandate to Banco Santander on Thursday, July 23, 2026.
- The Argentine operation runs more than 1,000 stores, about 25% company-owned with the rest franchised, five distribution centers, roughly 3,200 direct employees and 4,500 workers tied to franchises.
- Grupo Día reported €1.51 billion in gross sales in Argentina and a €51.3 million net loss, which it attributed to a roughly 40% peso depreciation and a sharp drop in domestic consumption.
- The sale process is nascent with no disclosed bidders or valuation guidance and market participants expect interest from regional supermarket groups and investment funds while noting a persistent gap between buyer offers and seller price expectations seen in Carrefour’s 2025 attempt to sell its Argentina unit.
- Any change of ownership could affect thousands of franchisees, employees and about 200 mostly small local suppliers, so key next steps to watch are which bidders emerge and whether they will bridge the valuation gap driven by macroeconomic risk.