Monoprix
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Monoprix S.A. () is a major French
retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and ...
chain with its headquarters in
Clichy, Hauts-de-Seine Clichy ( , ; sometimes unofficially Clichy-la-Garenne ) is a commune in the northwestern suburbs of Paris, France. It is located on the Seine, from the centre of Paris. In 2017, it had a population of 61,070. Located in Clichy are the headqua ...
,
France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
, near Paris. The company's stores combine food retailing with fashion, beauty and home products.


History

The company was founded in 1932 in Rouen by Max Heilbronn, a son-in-law of Theophile Bader, the founder of
Galeries Lafayette The Galeries Lafayette () is an upmarket French department store chain, the biggest in Europe. Its flagship store is on Boulevard Haussmann in the 9th arrondissement of Paris but it now operates in a number of other locations in France and oth ...
. In 1991, Monoprix acquired the Uniprix brand after
Galeries Lafayette The Galeries Lafayette () is an upmarket French department store chain, the biggest in Europe. Its flagship store is on Boulevard Haussmann in the 9th arrondissement of Paris but it now operates in a number of other locations in France and oth ...
took over
Nouvelles Galeries Nouvelles ( wa, Novele) is a town of Wallonia and a district of the municipality of Mons, located in the province of Hainaut, Belgium. It was a municipality until the fusion of the Belgian municipalities The fusion of the Belgian municipalities ...
, the parent of Uniprix. In 1997, the chain merged with French retailer
Prisunic Prisunic (Société Française des Magasins à Prix Uniques) was a French variety store chain that closed in 2003. Its stores were generally located downtown. History The Prisunic stores were founded by Maurice Farhi Pierre Lanuionie, and Hen ...
, in a deal that saw
Casino Group Casino Group or Casino Guichard-Perrachon is a French mass-market retail group. It was founded on 2 August 1898 by Geoffroy Guichard under the corporate name Guichard-Perrachon & Co. Casino Group is the source of many innovations such as the ...
acquire a 21% stake in the merged company. In 2000, Galeries Lafayette, entered into an agreement to sell a 50% interest in Monoprix. Casino Group provided Galeries Lafayette with a put option to sell the remaining 50%. In 2012, after legal wrangling over the value of the put option, the shareholders of both firms agreed on a sale price of $1.6 billion (€1.2 billion). The , France's competition regulatory body, approved the transaction in 2013, with the condition that the merged group sell 58 stores. This allowed the deal to close, making Monoprix a wholly-owned subsidiary of Casino Group. Monoprix has more than 700 shops in total: most under the Monoprix brand, but also smaller Monop', Monop' Daily, Monop' Station, Monop' Beauty, and Naturalia formats. It has a presence in over 250 towns and cities in France and employs around 21,000 people.


See also


References


External links


monoprix.fr
{{Authority control Groupe Casino Supermarkets of France Retail companies established in 1932 French brands French companies established in 1932