Auchan to unite retail chains in Russia
26.10.2015 516 views
The reorganization of French retailer Auchan provides for integration of Auchan and Atak retail chains to form Auchan Retail Russia
In prospect, the new business may take 2.6% of the food market in Russia. The measures taken are necessary to reduce costs, but may become an obstacle to the launch of new stores in the areas where the retailer was close to 25% dominance.
The French company announced the forthcoming restructuring on Friday. It will result in the formation of a new holding consisting of three separate entities: Auchan Retail, Immochan (property management), and Oney Banque Accord (banking services).
Starting from November 16, Auchan Russia's CEO Wilhelm Hubner will hold the position of Managing Director of the Auchan Retail global network. Jean-Pierre Germain will remain the head of Auchan Retail Russia, the new structure. This information was provided to media by Maria Kurnosova, Director of Communications of the retailer.
The new structure will unite Auchan and Atak chains in Russia
“This refers to the consolidation of procurements, logistics and marketing of the hyper- and supermarkets formats,” - said M. Kurnosova. According to media, the suppliers know nothing about the forthcoming restructuring.