Auchan Holding SA operates as a food retailer. The company operates hypermarkets and supermarkets that offer a range of food and non-food products. As of June 30, 2015, it operated 907 hypermarkets in 12 countries; and 867 supermarkets in 9 countries. The company also develops, manages, promotes, and invests in shopping centers. It managed 384 shopping centers, including shopping malls and retail parks in 12 countries. In addition, the company offers financial products and services, including financing, savings, insurance, bank and private payment cards, and services; electronic banking services; and payment and customer portfolio management solutions. Further, it provides e-commerce solutio...
40, Avenue de Flandre
Founded in 1961
Groupe Auchan Announces Executive Changes Effective November 16, 2015
Oct 29 15
Groupe Auchan, which has been renamed Auchan Holding, is being organised into three key autonomous companies: Auchan Retail, Immochan and Oney Banque Accord. Wilhelm Hubner, current General Manager of Auchan Russia will be General Manager of Auchan Retail and Vianney Mulliez will be Non-Executive Chairman of Auchan Retail. Immochan, the group's retail property management arm, will continue to be led by Benoit Lheureux with Vianney Mulliez as Non-Executive Chairman. Oney Banque Accord will continue to be led by General Manager Jean-Pierre Viboud with Xavier de Mezerac as Non-Executive Chairman. To underpin this autonomy, the current governance structure, comprising a Board of Directors and a Chairman and CEO, will be replaced by a more suitable legal structure comprising a Supervisory Board and Management Board. Vianney Mulliez, the current Chairman of the Board of Directors will be the Chairman of the Supervisory Board. The members of the Management Board are Wilhelm Hubner, General Manager of Auchan Retail, Benoit Lheureux, General Manager of Immochan, Jean-Pierre Viboud, General Manager of Oney Banque Accord and Xavier de Mezerac, General Secretary of Auchan Holding. Wilhelm Hubner will be Chairman of the Management Board. The Management Committee of Auchan Retail, chaired by Wilhelm Hubner, will have 13 members comprising 7 country executive chairman and 6 support function directors. 7 country executive chairman are: Philippe Baroukh, who will oversee development in Italy as Executive Chairman and in Hungary as Non-Executive Chairman; Patrick Coignard, who will oversee development in Spain as Executive Chairman and in Portugal as Non-Executive Chairman; Francois Colombie, who will oversee development in Poland as Executive Chairman and in Ukraine as Non-Executive Chairman; Patrick Espasa, who will oversee development in France as Executive Chairman; Jean-Pierre Germain, who will oversee development in Russia as Executive Chairman; Bruno Mercier, who will oversee development in China as Executive Chairman and in Taiwan as Non-Executive Chairman; and Francois Remy, who will oversee development in Luxembourg as Executive Chairman and in Romania as Non-Executive Chairman. 6 support function directors are: Isabelle Bouvier, who will oversee the Finance Division, which will include development and technical resources; Jean-Denis Deweine, who will oversee the Product Division, which will include brand management, product offerings and purchasing; Ludovic Holinier, who will oversee the Performance Division, which will include management control, indirect purchasing and risk management, and he will also be Non-Executive Chairman of Vietnam; Xavier Prevost, who will oversee the Efficiency Division, which will include streamlining, information systems and the supply chain; Philippe Saudo, who will oversee the Human Resources Division, which will include the development of talent, communication and CSR, and he will also be Non-Executive Chairman of Senegal; and the Director of Innovation, responsible for digitisation and customer relations, will be appointed shortly. Auchan Retail will be organised by country in order to ensure the best possible service for local inhabitants regardless of their chosen shopping format. The Management Committees of Immochan and Oney Banque Accord will remain unchanged. This new organization, announced internally will take effect as of November 16, 2015.
Auchan Develops First Convenience Store Chain in Russia
Oct 23 15
Auchan is developing its first convenience store chain in Russia as part of the retailer's expansion in the country. The company has already opened four Kazhdy Den convenience stores in Moscow. The news source notes that the convenience store format is gaining popularity with major retailers in Russia.
Auchan Announces Earnings Results for the First Half of 2015
Aug 31 15
Auchan announced earnings results for the first half of 2015. For the first half, the company reported significantly lower first half 2015 profits due to heavy exceptional charges and continued sluggish activity in France. Profits were dropped to EUR 31 million compared to EUR 221 million during the same period last year. Income from continuing operations declined 53.3% to EUR 157 million, and operating income of EUR 326 million was 31.9% lower than during the first half last year.