Major consolidation has taken place in France’s beef cuts market with Bigard, in association with the Alliance co-operative group, buying Vital, the holding company controlling packaged steaks specialist Charal.
Go deeper with GlobalData
Brittany-based family firm Bigard currently has a 49% shareholding in Vital and is planning to take full control by the start of next year.
The deal will lead to the creation of a French leader in the sector, representing a turnover of between EUR2.3bn and EUR2.8bn and employing up to 10,500 staff – surpassing the previous No.1, co-operative Socopa.
One analyst said the takeover could re-launch alliance talks between Socopa and another large co-op in the sector, Terrena Viande.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
