So this is it 27 Var Casino Stores which will be signed in the short term as part of an agreement between the currently restructured Saint-Etienne brand and the Auchan and Intermarche groups. A preliminary list of affected stores, which Bride and groom Published this Tuesday, January 23, little has changed compared to the final document submitted this Wednesday afternoon to social partners that covers 288 sites and now 313.
Municipality by municipality
So the stores that have “exited” the space remain inside the casino for the moment, pending another takeover solution by other players.
A new landscape of large-scale distribution may, however, still develop, if the competition authority considers that in some municipalities, Auchan or Intermarche, which already exists, should sell the store to another brand so as not to enter. Monopoly status.
If this situation arises, Intermarche may thus resell certain acquisitions to Carrefour. Meanwhile, the casino group announced this Wednesday, before the CSE marked the start of the consultation, that it had concluded an agreement that provides for the sale of 288 stores (and service stations attached to the stores). Enterprise value between 1.3 and 1.35 billion euros.
Three waves
Completion of the transfer will take place in the second quarter of 2024, after consultation with the relevant staff representative bodies, in three waves: April 30, 2024, May 31, 2024 and July 1, 2024. “The agreements also provide that as part of the operation, the activity of the Aix-en-Provence 1 (13) warehouse will be maintained on behalf of Auchan and the logistics service contracts of Montélimar Frais (26), Corbas Gel (69) and Salon-de-Provence Gel. (13) have been transferred to Les Musketeers Group. In a press release suggests the casino group.
In the face of social partners’ concerns, buyers also undertake to take over all employment contracts of employees assigned to relocated stores and service stations. “In respect of employees assigned to stores, retain provisions and benefits resulting from casino collective status for a period of 15 months from the date of completion of transfer”.
Auchan and Intermarche also say they are open to applications from employees who want to take over the store themselves and become business managers. This will undoubtedly not reassure the staff representatives, concerned to see the franchise model, less protective for employees than the larger groups, developing in their eyes. The 288 stores sold concern 13,000 employees in France.