FRANCE: Casino, Galeries Lafayette to end Monoprix power-share
French supermarket operator Casino and its partner Galeries Lafayette have announced a deal that could see Casino take charge of high street food and clothing retailer Monoprix by 2006. Casino and Galeries Lafayette each hold approximately 50% of the shares in Monoprix, which is currently enjoying above average sales growth for the sector. The deal announced by the two partners enables Casino to take overall control of Monoprix by 2009 at the latest.
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