COLOMBIA: Exito to acquire 50 Super Inter stores
Exito acquires regional discounter Super Inter
Colombian retailer Exito has struck a deal to buy 50 Super Inter stores in a move it said would "consolidate" its "leadership" position in the country's grocery retail market.
Exito, in which France's Casino holds a majority stake, will take control of 19 stores this year. The remaining 31 outlets are subject to a call option exercisable in 2015, the company revealed.
Super Inter is an independent retailer located in two Colombian regions: Coffee in the centre of the country; and Cali in the south west.
"This operation will consolidate Exito's leadership in Colombia, expanding its footprint in these two regions," the company said.
Exito will continue to operate the outlets under the Super Inter banner, a Casino spokesperson confirmed. "The Super Inter brand will be maintained," the spokesperson added.
Retaining the Super Inter brand is expected to accelerate Exito's development in the discount format, complementing its discount chain Surtimax, the company added.
Super Inter generated sales of around US$450m in 2013. The deal is expected to be accretive to Exito's earnings in the first year. It remains subject to Colombian antitrust approval.
This is a detailed report covering Groupe Casino’s store formats, private labels, history, key employees, and key financial and operational metrics in Colombia....
This is a detailed report covering Groupe Casino’s store formats, private labels, history, key employees, and key financial and operational metrics in Brazil....
Casino Guichard-Perrachon SA had already concentrated its activity on small formats, and it will continue this strategy with further investment in chains like Chez Jean or Le Marché à Côté. As for oth...
Over the forecast period, Casino Guichard-Perrachon aims to become the leading player in grocery retailing in Vietnam by continuously expanding its outlet network and expanding into new areas in many ...
The foodservice business represents a relatively small proportion of the group’s portfolio of activities and total revenue. While there is no clear strategic focus from the group concerning the foodse...
Agricultural Products in Brazil industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2009-13, and forecast to 2018). The profile...
- Why China was central to Nestle executive change
- Focus: Delivering dairy to Indian consumers
- Comment: How dairy can leverage nutrition
- PepsiCo underlines the challenge on health
- Interview: Muller Wiseman mulls branded milk move
- Fonterra warns on geopolitical unrest, oversupply
- Tereos to buy Real Good Food's Napier Brown
- Kerry benefits from snacking trends
- Mondelez sees Q1 net profit jump on higher pricing
- Russia "likely to extend food embargo"