Groupement Mousquetaires to acquire 81 stores from French integrated retail activities of Colruyt Group for €215m.

Groupement Mousquetaires, a French supermarket group, agreed to acquire 81 stores of French integrated retail activities from Colruyt Group, a retail corporation, for €215m. “The past few months have been especially challenging for our French colleagues and we fully understand this news will be difficult. Although this is a hard announcement, we believe this is the most responsible solution: for the teams, for the customers and for the continuity of the business. We are convinced that the operations in scope of Groupement Mousquetaires’ offer would be able to further grow sustainably with the support of Groupement Mousquetaires as leading French retailer,” Stefan Goethaert, Colruyt Group CEO.