Intermarché Secures Conditional Approval to Acquire 200 Casino Stores

France's competition authority requires Intermarché to sell 11 stores to maintain local market competition.

Intermarché has received approval from France's competition authority to acquire 200 Casino-branded stores, subject to conditions aimed at preserving competition in local markets.
As part of the agreement, Intermarché must sell 11 stores in specific locations, including Boé, Lambesc, and Revel, to other distributors.
Casino's financial struggles led to the sale of most of its large-format stores to competitors, including Intermarché, Auchan, and Carrefour, earlier this year.
Casino, once employing 200,000 people globally, now has fewer than 30,000 employees and is undergoing a restructuring plan that could result in 3,000 additional job losses in France.
The new leadership of Casino, under Czech billionaire Daniel Kretinsky, is focusing on smaller store formats like Monoprix and Franprix, aiming to strengthen its position in the proximity retail market.