FRANCE: Retail and manufacturing growth at Les Mosquetaires
Intermarché increased its share of French food market in 2012
French food retailer and manufacturer Les Mousquetaires saw its sales increase by more than 5% in 2012, with supermarket chain Intermarché gaining market share and higher revenues at its production arm.
The company today (12 February) posted sales of EUR39.1m (US$52.6bn) for 2012, up 5.1% on 2011.
Sales at its Intermarché stores in France grew 7.4%, excluding fuel. Les Mousquetaires said the chain had increased its share of France's grocery market by 0.7 percentage points to 14%.
Les Mousquetaires also has Intermarché stores in Portugal, Poland and Belgium. It also runs discount outlets under the Netto banner in France. Combined revenues from Intermarché and Netto were up 6.5%, excluding petrol, it said.
The group is also a manufacturer of own-label products in France. Revenue from the business increased 7.8% to EUR3.5bn.
Les Mousquetaires, which has 60 production plants in France, said it is the 11th largest food producer in the country. It wants to become the fifth largest by 2015.
- Why Arla upbeat about LatAm prospects
- M&A Watch - Could Cloetta be takeover target?
- Comment: Can Applegate retain trust under Hormel?
- Sweets & Snacks Expo: just-food's pick
- Why "added-value" is key in LatAm yoghurt
- Yildiz eyeing further deals - reports
- Weetabix gets new private-equity investor
- PAI, Pamplona "eyeing Bakkavor stake"
- FrieslandCampina ends Bongrain German tie-up
- Food industry news of week: GMOs, Arla, Mondelez
- Successful New Product Development Strategies in the Food, Drinks and Personal Care Market
- ALDI 2015: Radically transforming Anglo Saxon grocery markets
- The Future of the Ice Cream Market in the United Kingdom to 2019
- Consumer Foodservice in Indonesia
- Marks & Spencer (Asia Pacific) Ltd in Retailing (Hong Kong, China)