France’s Casino Group and the Zouari family have signed a partnership agreement to develop the Franprix and Monop’ convenience retail networks in France.
The companies said the agreement is designed to accelerate the development of the two networks through a revised organisational structure centred on convenience retail operations.
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Casino Group and the Zouari family said they have worked together for more than two decades.
As part of the deal, the structure dedicated to the development of the Franprix network will be set up as a capital partnership.
The Zouari family will hold approximately 60% while Franprix will hold the remainder.
This entity will initially run around 30 Franprix stores.
Casino Group CEO Philippe Palazzi said: “This development marks a new step in our partnership with the Zouari Family. It reflects our desire to strengthen an agile, entrepreneurial and growth-oriented model of convenience.
“By relying on a long-standing partner who has been committed to our brands for a long time, we are giving ourselves the means to accelerate the development of Franprix and Monoprix, while consolidating the momentum of our network.”
The agreement follows a model already in place within Monoprix through a dedicated structure that currently operates around 50 Monop’ stores.
The two structures will back the opening, acquisition and development of new Franprix and Monop’ stores.
Separately, Franprix would take full ownership of the Pro Distribution structure, raising its stake from 73% to 100%.
Pro Distribution would then operate around 90 stores.
Casino Group and the Zouari family said the partnership reflects their long-term commitment to expanding the convenience retail network while maintaining operational continuity and store management expertise.
The transaction is subject to customary conditions, including approval from the relevant competition authority and completion of required employee consultation procedures.
The closing is expected by the end of 2026.
Zouari Family office convenience division executive director Antoine Aussour said: “Our strength lies in our in-depth knowledge of the field and our customers, on experienced teams, and on this close relationship with our stores.
“We know how to operate, develop and evolve these outlets in demanding environments. This new step gives us a solid framework to accelerate while remaining at the service of our customers, close to the teams and to market expectations.”
