Casino to divest subsidiary Vindémia for €219m to GBH. Credit: greggavedon.com.

French retailer Casino Group has agreed to sell its subsidiary Vindémia to compatriot automotive distribution and retail company GBH for a total consideration of €219m ($245.09m).

Reunion Island-based Vindémia operates multi-format stores, such as hypermarkets, supermarkets, cash and carry, and proximity.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Gradually acquired by Casino Group between 2001 and 2007, the retail chain currently has presence across the Indian Ocean covering Reunion Island, Madagascar, Mayotte, and Mauritius.

GBH will continue to operate Vindémia under the same brand within its retail division. GBH is expected to sell stores to a third party under the terms of the deal in anticipation of possible concerns from the Competition Authority.

“GBH will continue to operate Vindémia under the same brand within its retail division.”

The deal is part of the company’s strategy to slash debts and  is expected to close after consultation with employee representative bodies.

Established in 1960, GBH is a family-owned group that focuses on two main businesses, including automotive distribution and retail.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Earlier this month, the French retailer closed a deal to sell three hypermarkets, four Casino supermarkets and one Leader Price store in France to two major retailers for €39m.

The company signed separate purchase agreements with Leclerc members and Lidl in January and February to sell these assets.

As part of this deal, the members of Leclerc acquired hypermarkets of Cholet, Roubaix and Rennes, and Lidl purchased four Casino supermarkets and one Leader Price store.

In May this year, Casino Group concluded the sale of its three hypermarkets to the members of cooperative society and hypermarket chain Groupement E. Leclerc for €38m ($42.30m).

The three hypermarkets acquired are located outside Paris, in the towns of Castelnaudary, Anglet and Castres.