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 2014.
Groupe Auchan SA Key Developments
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.
METRO AG Enters into International Purchasing Partnership with Groupe Auchan
Nov 5 14
Metro AG and Groupe Auchan S. A have entered into an international purchasing partnership. The cooperation is clustered in two agreements that will combine the complementary strengths of the retailer Auchan and the wholesale and food retail divisions of METRO GROUP: In the first place, an international cooperation agreement enabling joint negotiations on specific international services and conditions for the most important international suppliers of branded consumer products on global level. Secondly, an international sourcing agreement will be put in place enabling joint worldwide purchasing of non-food products that each company will resell individually under its own brand labels or as no-name labels. Electronic consumer products are excluded from these two agreements. The agreed partnership combines for the first time the bargaining power of two leading companies, which operate two different business models with an ideal geographical fit.
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