Food and Staples Retailing
Company Overview of Groupe Auchan SA
Groupe Auchan SA operates as a food retailer. The company operates hypermarkets and supermarkets that offer a range of food and non-food products. As of December 31, 2014, it operated 888 fully consolidated hypermarkets in France, Italy, Spain, Portugal, Luxembourg, Poland, Hungary, Romania, Ukraine, Russia, Mainland China, and Taiwan; and 862 fully-consolidated supermarkets in France, Italy, Spain, Poland, Russia, and Senegal. The company also develops, manages, promotes, and invests in shopping centers. It managed 370 shopping centers, including shopping malls and retail parks in 12 countries. In addition, the company offers financial products and services, including financing, savings, in...
40, Avenue de Flandre
Founded in 1961
Key Executives for Groupe Auchan SA
Chairman, Chief Executive Officer, Director of Business Development - Auchan Hypermarkets and Chairman of Immochan
Chief Financial Officer, Finance Director and Chief Executive Officer of Oney Banque Accord
Development Director and Chief Executive Officer of Immochan
Chairman of Banque Accord and Chief Executive Officer of Banque Accord
Human Resources Director and General Manager of Hypermarkets - Poland
Compensation as of Fiscal Year 2015.
Groupe Auchan SA Key Developments
Auchan to Build Meat Processing Plant in Russia
Aug 12 15
Auchan is about to launch the construction of a RUB 2.5 billion meat processing plant near the city of Tambov. This would allow the chain to control the quality of meat product that recently called into question by Russia's agricultural watchdog, Rosselkhoznadzor. The plant with a capacity of 40,000 tons of meat per year will be located near the city of Tambov. The facility will process primarily cattle meat (23,000 tons), pork (15,000 tons) and lamb (2,000 tons). It will produce vacuum-sealed meat and semi-finished meat products. The investments are said to reach RUB 2.5 billion. The construction is slated for September, while the opening is expected in fourth quarter of 2016. The cooperation agreement was signed with regional authorities back in July.
Auchan Reports Earnings Results for the Full Year of 2014
Mar 9 15
Auchan reported earnings results for the full year of 2014. For the year, the company reported that its net profit fell by a quarter last year despite rising sales as its international expansion weighed on the bottom line of the France-based supermarket group. Net profit fell by 25.2% to EUR 574 million ($624 million). Meanwhile, sales stripped of taxes rose by 14.7% at constant exchange rates to EUR 53.4 billion, but this was boosted by the complete integration of Sun Art Retail Group in China into the accounts as well as other expansion. On a comparable store measure at constant exchange rates, sales dipped 1.0%. A similar effect could be seen in operating profit, which rose by 2.0% when measured at constant exchange rates to EUR 2.6 billion, but when measured by continuing activities fell by 11.6% to EUR 1.1 billion. Sales in its home market France slid 2.2%, which Auchan said was mostly due to a drop in prices, although the number of customers increased. The group now generates 63% of its sales abroad. The company also managed to reduce its net debt by nearly half to EUR 1.8 billion.
Auchan Plans to Open New Hypermarket in Bucharest
Dec 8 14
Auchan announced that it will open a new hypermarket in Romania's capital Bucharest. This will be company's seventh hypermarket in Bucharest, and its 32nd in the country, according to data from the retailer's website.
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