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Monoprix

From Wikipedia, the free encyclopedia
This article is about the French Monoprix retail chain. For the Tunisian chain, seeMonoprix (Tunisia).

Monoprix
Company typeSubsidiary
IndustryRetail
Founded1932;92 years ago(1932),inRouen,France
FounderMax Heilbronn
Headquarters
Clichy, Hauts-de-Seine
,
France
Number of locations
700+
Area served
France
Key people
Jean-Charles Naouri(CEO)
Brands
  • Monop'
  • Monop' Daily
  • Monop' Beauty
  • Monop' Station
  • Naturalia
ParentGroupe Casino
Websitemonoprix.fr
A Monoprix location, which is the former head office of theFélix Potincompany, inParis
AMonop'location in Paris

Monoprix S.A.(French pronunciation:[mɔnɔpʁi]) is a majorFrenchretailchain with its headquarters inClichy, Hauts-de-Seine,France,nearParis.[1]The company's stores combine food retailing with fashion, beauty and home products.

History

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The company was founded in 1932 inRouenbyMax Heilbronn,a son-in-law ofTheophile Bader,the founder ofGaleries Lafayette.[2]

In 1991, Monoprix acquired the Uniprix brand afterGaleries Lafayettetook overNouvelles Galeries,the parent of Uniprix.[citation needed]

In 1997, the chain merged with French retailerPrisunic,in a deal that sawCasino Groupacquire a 21% stake in the merged company.[3]

In 2000, Galeries Lafayette, entered into an agreement to sell a 50% interest in Monoprix. Casino Group provided Galeries Lafayette with a put option to sell the remaining 50%. In 2012, after legal wrangling over the value of the put option, the shareholders of both firms agreed on a sale price of $1.6 billion (€1.2 billion).[4]TheAutorité de la concurrence,France's competition regulatory body, approved the transaction in 2013, with the condition that the merged group sell 58 stores. This allowed the deal to close, making Monoprix a wholly-owned subsidiary of Casino Group.[5]

In 2023, Monoprix's parent Casino announced that they have completed a deal to avoid bankruptcy. This restructuring procedure would allow for the company to cut high debt and improve recent losses to other rival supermarket corporations.[6]In 2024, Casino USA filed forChapter 15 bankruptcy.[7]

Monoprix currently has more than 700 shops in total: most under the Monoprix brand, but also smaller Monop', Monop' Daily, Monop' Station, Monop' Beauty, and Naturalia formats.[8]It has a presence in over 250 towns and cities in France and employs around 21,000 people.

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In 1966, in the song "Les Élucubrations d'Antoine", the singerAntoinesings the lyrics "Put the pill on sale in the Monoprix."[9]

In 1979,Alain Bashungperformed "Y'a un yeti", whose lyrics, written by Boris Bergman, included: "Y'a un yeti dans l'Monoprix".[10]

In theSparkssong "You Were Meant For Me" from 2023, the narrator becomes attracted to a fellow shopper: "At the Monoprix, you stood out so to me".[11]

InMichel Houellebecq'sbook "The Elementary Particles",the line" He ate a Monoprix TV dinner--monkfish in parsley sauce "appears.[12]

See also

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References

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  1. ^"Informations légalesArchived2010-02-09 at theWayback Machine."Monoprix. Retrieved on 4 February 2010." Siège social: 14 - 16 rue Marc Bloch 92116 CLICHY Cedex "
  2. ^O'Connor, Clare (26 November 2013)."High Fashion, Nazi Plunder And Family Feuds: Retail's Newest Billionaire Has Quite A Story".Forbes.
  3. ^Jones, Terril Yue (20 April 1998)."Eat or be Eaten".Forbes.
  4. ^Daneshkhu, Scheherazade (29 June 2012)."Casino and Lafayette end Monoprix fight".Financial Times.
  5. ^Daneshkhu, Scheherazade (13 July 2013)."French watchdog approves Casino's takeover of Monoprix".Financial Times.
  6. ^"French retailer Casino finalises rescue deal led by Czech tycoon".Reuters.5 October 2023.Retrieved17 February2024.
  7. ^"Groupe Casino: Proceedings for recognition of financial restructuring in the United States (Chapter 15)".Yahoo! Finance.16 February 2024.Retrieved17 February2024.
  8. ^"Nos enseignes"[Our brands] (in French). Monoprix.Retrieved4 June2021.
  9. ^"PAROLES DE LA CHANSON LES ELUCUBRATIONS D'ANTOINE PAR ANTOINE".Archivedfrom the original on 3 April 2024.Retrieved7 April2024.
  10. ^"Y'a Un Yéti".Genius.com.Retrieved3 April2024.
  11. ^""You Were Meant For Me", Genius.com ".
  12. ^"Excerpt From The Elementary Particles".Penguin-Random House Canada.Archivedfrom the original on 3 April 2024.Retrieved7 April2024.
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