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The Zouari consolidate the discount sector


The shareholder of Picard has entered into exclusive negotiations to buy Stokomani, a major player in destocking in France.

The Zouari family is building stone by stone a new distribution giant.

Multifranchisees of the Casino group, at the head of 200 Monop 'and Franprix stores, the Zouari two years ago acquired 43% (today 49%) of the frozen specialist Picard.

They are now diversifying into non-food distribution, where they have the ambition

"to build a major French player in discount and destocking in France"

, explains Édouard Lacoste, general manager of the family office of the Zouari family (2, 5 billion euros under management).

Read also

Distribution: after Picard, the Zouari offer themselves Maxi Bazar

At the beginning of December, the family office confirmed that it was about to acquire the Maxi Bazar discount brand (200 million euros in turnover).

Two weeks later, he announced that he had entered into exclusive negotiations to acquire Stokomani, a player in destocking and discounting in France, from the investment fund Sagard, which has a majority stake in the brand, and from Jean-Jacques Namani, the son. of the founder.

Stokomani counts today ...

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Source: lefigaro

All business articles on 2021-12-20

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