Casino and the Zouari family restructure their convenience retail partnership
The retailer and the Zouari family are embarking on a new phase of their long-standing partnership, established over 25 years ago to develop the Franprix and Monoprix banners. The two partners have signed a new agreement aimed at strengthening their cooperation and accelerating the growth of their convenience store networks.
This reorganization is built on the shared conviction that convenience retail meets growing consumer demand for accessibility, practicality, everyday services, and local presence. With a strong footprint in Paris and the Île-de-France region, the Zouari family brings its field knowledge, consumer proximity, and operational expertise.
Under this framework, the expansion of the Franprix network will be driven by a new structure owned 60% by the Zouari family and 40% by Franprix. This entity will initially operate around thirty stores. The arrangement follows the model already established at Monoprix, where a dedicated structure currently operates approximately fifty Monop' stores.
These two vehicles are designed to support the opening, acquisition, and development of new points of sale, leveraging the operational skills of the teams and enhanced investment capacity.
In parallel, Franprix plans to take full control of Pro Distribution, in which it currently holds a 73% stake. This company operates approximately 90 stores.
The completion of the transaction remains subject to customary regulatory approvals, notably from the French Competition Authority, as well as required labor relations procedures. Closing is expected by the end of 2026.
Casino, Guichard-Perrachon SA is one of the leading food distribution groups in France. Net sales break down by activity as follows:
- distribution activitiy (86.4%): owning, at the end of 2024, 7,447 convenience stores, mainly under the names of Casino, Spar and Vival (5,541), Franprix (1,054), Monoprix (625) and Naturalia (222);
- e-commerce activity (12.2%; Cdiscount);
- other (1.4%).
Net sales are distributed geographically as follows: France (99.4%), Latin America (0.1%) and other (0.5%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
-
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
-
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
-
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
-
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.