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"The acquisition of Carrefour Italia represents a important milestone successful our group's maturation trajectory" - president Angelo Mastrolia.
Carrefour shop signage. Credit: LCV/Shutterstock.com
NewPrinces is acquiring Carrefour’s operations successful Italy for €1bn ($1.18bn) successful a move described arsenic “vertical integration betwixt accumulation and distribution”.
The Italy-headquartered nutrient and drinks elephantine said Carrefour’s shop web successful nan state stretches crossed much than 1,000 sites successful regions specified arsenic Piedmont, Lombardy and Liguria.
Subject to regulatory approval, NewPrinces added nan woody is expected to adjacent by nan extremity of nan existent 3rd quarter.
Carrefour is nan latest acquisition target by NewPrinces, which was trading arsenic Newlat Food earlier it acquired UK-based Princes Group past year. More recently, nan institution has entered an agreement to bargain a clutch of baby-food brands successful Italy from US heavyweight Kraft Heinz.
“The acquisition of Carrefour Italia represents a important milestone successful our group’s maturation trajectory,” Angelo Mastrolia, nan president of NewPrinces, said successful a statement.
“With this transaction, we are taking a decisive measurement towards vertical
integration betwixt accumulation and distribution, strengthening our expertise to create worth on nan full proviso chain.”
Mastrolia added: “We person made nan bold determination to put successful a strategical plus for Italy, pinch nan purpose of relaunching a wide unit web and maximising synergies betwixt manufacture and distribution.
“Our ambition is clear: to build a sustainable, coagulated and semipermanent exemplary that tin connection actual benefits to customers, employees, suppliers and shareholders alike.”
As portion of nan transaction, NewPrinces said Carrefour has committed to reinvest €237.5m successful its Italian stores successful a “one-off contribution” to support nan retailer’s “industrial relaunch and operational continuity”.
Meanwhile, NewPrinces has pledged €200m to put successful “development initiatives, logistics invention and marque renewal”.
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Carrefour acknowledged nan statement pinch nan Italian group successful its afloat twelvemonth 2025 results yesterday (24 July). The retailer said its stores successful Italy had gone done a “recovery” play from 2020 to 2022 but income past declined past year.
The aforesaid year, Carrefour Italia booked a €67m nonaccomplishment successful recurring operating income and had antagonistic free rate travel of €180m.
“This cognition covers each of Carrefour’s activities successful Italy. It will let Carrefour to refocus connected its cardinal markets successful Europe and Latin America,” nan France-based retailer said.
With nan deal, nan proprietor of nan Princes, Napolina and Delverde brands said it intends to “optimise synergies” betwixt accumulation and distribution and “enhance” its marque portfolio.
NewPrinces besides hopes to “develop caller omnichannel platforms” for nan waste and transportation of caller and packaged products and “strengthen” its position successful “key” European markets.
The institution added that nan Carrefour stores successful Italy generated astir €3.7bn successful income past twelvemonth and EBITDA of €115m. Post nan transaction, nan pro-forma consolidated turnover of nan nutrient and drinks group will scope circa €6.9bn, it said.
In nan first 4th of 2025, NewPrinces generated revenues of €672.2m, a dip from nan €699.9m made successful nan corresponding play of 2024. EBIT stood astatine €28.9m, against €5.9m a twelvemonth earlier. NewPrinces booked a first-quarter nett profit of €13.5m, versus a nonaccomplishment of €2.2m nan twelvemonth previous.
Aside from nan statement pinch Carrefour, NewPrinces is reportedly considering floating nan UK Princes portion connected nan London marketplace successful October.
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