On the ‘social plan’ and the group’s losses read here. Today’s comment : ‘It was a bit written in advance,’ says a competing retailer about the weaknesses of the northern group: ‘A declining hypermarket model, a source of high costs and an important place for Russia, an extremely profitable market. For years, this balance allowed it to absorb business losses in France. But with the sale of its Russian operations underway, it has become urgent for the Mulliez family’s food chain to take over its French operations, lest it suffer the same fate as its competitor Casino. Auchan, which is present in 12 countries, continued to lose market share in France, falling from 11.3% to 9.1% (including the Casino shops acquired this year) in ten years, while E.Leclerc rose from 19.9% to 24.1%. On Conad- Auchan read here
