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October 2, 2018

French retailer Casino Group to sell 55 Monoprix retail sites for €565m

French retailer Casino Group has agreed to sell 55 real estate assets of its Monoprix chain for €565m ($651.53m) to an unnamed institutional investor.

French retailer Casino Group has agreed to sell 55 real estate assets of its Monoprix chain for €565m ($651.53m) to an unnamed institutional investor.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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This deal is a part of the retailer’s ongoing €1.5bn disposal plan, which involves non-core assets, including real estate assets.

The plan was announced in June this year and aims to enable the company to reduce its net debt and strengthen its liquidity position.

The Monoprix deal covers real estates of the supermarket chain, including 19 locations in Paris region. The transaction value also covers an annual rent of €27m ($31.13m).

According to the company, it will receive the proceeds from the acquisition no later than 27 December 2018.

“Including the disposal of 15% of Mercialys via a TRS, the operations realised within the deleveraging plan amount to €778m to date.”

In a statement, the company said: “Including the disposal of 15% of Mercialys via a TRS, the operations realised within the deleveraging plan amount to €778m to date.”

“Moreover, Casino Group has already received additional indicative offers on other assets that are included in the disposal plan, which could materialise before the end of the year.”

“Continued good operational performance and the progressive roll-out of new profitability levers will enable Casino Group to improve its retail trading profit in France in 2019 at a similar pace to 2018, including the effects of additional rents.”

Based in France, Monoprix offers a range of food products along with beauty, fashion and home products across its stores.

The retailer currently operates 316 stores in France and globally across Tunisia, Mauritius, Libya, Qatar, Luxembourg, Lebanon and Martinique Island.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.