Monoprix
{{Short description|French retail chain}}
{{about|the French Monoprix retail chain|the Tunisian chain|Monoprix (Tunisia)}}
{{Use dmy dates|date=June 2021}}
{{Infobox company
| name = Monoprix
| logo = Monoprix logo.svg
| logo_size = 200px
| founded = {{start date and age|1932}}, in Rouen, France
| founder = Max Heilbronn
| type = Subsidiary
| industry = Retail
| hq_location_city = Clichy, Hauts-de-Seine
| hq_location_country = France
| num_locations = 736 (2024)
| area_served = {{flat list|
}}
| key_people = Jean-Charles Naouri (CEO)
| brands = {{hlist|Monop'|Monop' Daily|Monop' Beauty|Monop' Station|Naturalia}}
| parent = Groupe Casino
| subsidiaries =
| homepage = {{url|https://monoprix.fr/}}
}}
File:Rue Reaumur 51-2.JPG company, in Paris]]
File:Monop'Parislocation.JPG location in Paris]]
Monoprix S.A. ({{IPA|fr|mɔnɔpʁi}}) is a major French retail chain with its headquarters in Clichy, Hauts-de-Seine, France, near Paris."[http://recrutement.monoprix.fr/informations-legales Informations légales] {{webarchive|url=https://web.archive.org/web/20100209040757/http://recrutement.monoprix.fr/informations-legales |date=2010-02-09 }}." Monoprix. Retrieved on 4 February 2010. "Siège social : 14 - 16 rue Marc Bloch 92116 CLICHY Cedex" 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.{{cite news |url=https://www.forbes.com/sites/clareoconnor/2013/11/26/high-fashion-nazi-plunder-and-family-feuds-retails-newest-billionaire-has-quite-a-story/#2719eb263779 |last=O'Connor |first=Clare |title=High Fashion, Nazi Plunder And Family Feuds: Retail's Newest Billionaire Has Quite A Story |website=Forbes |date=2013-11-26}}
In 1991, Monoprix acquired the Uniprix brand after Galeries Lafayette took over Nouvelles Galeries, the parent of Uniprix.{{Citation needed|date=May 2023}}
In 1997, the chain merged with French retailer Prisunic, in a deal that saw Casino Group acquire a 21% stake in the merged company.{{cite news |url=https://www.forbes.com/global/1998/0420/0201034a.html |last=Jones | first=Terril Yue |title=Eat or be Eaten |date=1998-04-20|website=Forbes}}
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).{{cite news |url=http://www.ft.com/cms/s/0/7e032c72-c203-11e1-bffa-00144feabdc0.html |title=Casino and Lafayette end Monoprix fight |last=Daneshkhu |first=Scheherazade |newspaper=Financial Times |date=2012-06-29}} The {{lang|fr|Autorité de la concurrence}}, 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.{{cite news |url=https://www.ft.com/content/9d2fd68c-e970-11e2-9f11-00144feabdc0 |title=French watchdog approves Casino's takeover of Monoprix |last=Daneshkhu |first=Scheherazade |newspaper=Financial Times |date=2013-07-13}}
In 2023, Monoprix's parent Casino announced that they have completed a deal to avoid bankruptcy. This restructuring procedure would allow for the company to cut high debt and improve recent losses to other rival supermarket corporations.{{Cite web|url=https://www.reuters.com/markets/deals/retailer-casino-seals-lock-up-debt-rescue-deal-led-by-czech-billionaire-2023-10-05/|title=French retailer Casino finalises rescue deal led by Czech tycoon|date=5 October 2023|access-date=17 February 2024|website=Reuters|language=en}} In 2024, Casino USA filed for Chapter 15 bankruptcy.{{Cite web|url=https://finance.yahoo.com/news/groupe-casino-proceedings-recognition-financial-180000045.html|title=Groupe Casino: Proceedings for recognition of financial restructuring in the United States (Chapter 15)|date=16 February 2024|access-date=17 February 2024|website=Yahoo! Finance|language=en}}
Monoprix currently 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.{{Cite web|url=https://entreprise.monoprix.fr/qui-sommes-nous/nos-enseignes/|title=Nos enseignes|access-date=2021-06-04|publisher=Monoprix|language=fr|trans-title=Our brands}} It has a presence in over 250 towns and cities in France and employs around 21,000 people.
International stores
In 1933 Monoprix opened in Tunisia (Monoprix Tunisia), {{Cite web |last=Fouquet |first=Claude |date=24 October 2013 |title=Monoprix fait ses premiers pas au Qatar |url=https://www.lesechos.fr/2013/10/monoprix-fait-ses-premiers-pas-au-qatar-345565 |website=Les Echos}} where there are 85 stores operated under a management contract.{{Cite web |last=Cousins |first=Michel |date=29 March 2013 |title=Monoprix opens in Tripoli |url=https://libyaherald.com/2013/03/monoprix-opens-in-tripoli/ |website=Libya Herald}}
Stores in Morocco had previously operated in the 20th century.
Monoprix acquired Prisunic's stores in Mauritius in 1975 and left the market in 2019;{{Cite web |date=2024-06-07 |title=Monoprix is re-entering Mauritius and will open new stores in early 2025 |url=https://trendtype.com/news/monoprix-is-re-entering-mauritius-and-will-open-new-stores-in-early-2025/ |access-date=2024-10-18 |website=Trendtype |language=en-US}} it plans to return to Mauritius in early 2025.{{Cite web |date=2024-06-23 |title=Monoprix fait son grand retour sur l’Île Maurice |url=https://www.toute-la-franchise.com/news-558008-monoprix-reouverture-ile-maurice.html |access-date=2024-10-18 |website=Toute la Franchise |language=fr}}
Monoprix entered Lebanon in 1999 and closed its stores in 2019; in early 2024 it was announced that Monoprix would return to Lebanon in 2024,{{Cite web |last=Gemayel |first=Fouad |date=4 March 2024 |title=Le premier Monoprix à rouvrir au Liban sera situé à Hamra |url=https://www.lorientlejour.com/article/1370196/le-premier-monoprix-a-rouvrir-au-liban-sera-situe-a-hamra.html |website=L'Orient-Le Jour}} but it is uncertain if the store will open due to the 2024 Israeli invasion of Lebanon.
Stores were opened in Andorra in 2009.{{Cite web |last=Leboulenger |first=Sylvie |date=27 August 2009 |title=Monoprix renforce ses positions à l'international |url=https://www.lsa-conso.fr/monoprix-renforce-ses-positions-a-l-international,107519 |website=LSA}} They have since closed.
In 2013 Monoprix opened a store in Doha, Qatar. A store was also opened in Libya, however it later closed.
Monoprix opened in Luxembourg in 2014.{{Cite web |date=2024-10-18 |title=Monoprix has arrived in Luxembourg! |url=https://www.luxtimes.lu/luxembourg/monoprix-has-arrived-in-luxembourg/1255162.html |access-date=2024-10-18 |website=Luxembourg Times |language=en}}
Intentions to expand to Germany, the Netherlands, Portugal, Scandinavia and Spain were announced in late 2020.{{Cite web |last=dev@grandiz.com |date=2020-11-26 |title=European ambitions for Monoprix |url=https://www.retaildetail.eu/news/food/european-ambitions-monoprix/ |access-date=2024-10-18 |website=RetailDetail EU |language=en-US}}
They expanded to the UAE in 2022 with the opening of a store in Abu Dhabi.{{Cite web |last=Salian |first=Neesha |date=2022-07-14 |title=GMG opens French retail brand Monoprix's first store in the UAE |url=https://gulfbusiness.com/gmg-opens-french-retail-brand-monoprixs-first-store-in-the-uae/ |access-date=2024-10-18 |language=en-US}}
In Spring 2024 Monoprix opened its first Belgian store.{{Cite web |last=Rompaey |first=Stefan Van |date=2024-03-29 |title=[In the picture] Monoprix reveals trump card for Belgian expansion: funshopping |url=https://www.retaildetail.eu/news/food/in-the-picture-monoprix-reveals-trump-card-for-belgian-expansion-funshopping/ |access-date=2024-10-18 |website=RetailDetail EU |language=en-US}}
Stores are planned to open in Egypt in 2025.{{Cite web |date=2024-12-09 |title=Monoprix Announces Plan To Enter Egypt In 2025 |url=https://www.esmmagazine.com/retail/monoprix-announces-plan-to-enter-egypt-in-2025-278770 |access-date=2025-02-02 |website=ESM Magazine |language=en}}
References
{{Reflist}}
External links
- [https://www.monoprix.fr/ monoprix.fr] {{In lang|fr}}
{{Supermarkets in France}}
{{Convenience stores}}
{{Authority control}}
Category:Supermarkets of France
Category:Retail companies established in 1932
Category:French companies established in 1932
Category:Companies that have filed for Chapter 15 bankruptcy