Background
      
            

The Autorité has today completed its analysis of the takeover of the stores formerly operated under the Casino banner by the Intermarché, Carrefour and Auchan groups.



On 27 February 2024, Auchan notified the Autorité of its plan to acquire 98 food retail stores operated under the Casino banner.



To take account of the stores’ difficult economic situations, the Autorité granted Auchan, at its request, a derogation from the suspensive effect of merger control[1]. In accordance with the applicable rules, this derogation, which enabled Auchan to complete the transaction without waiting for the Autorité to issue its decision, was without prejudice to the final decision to be taken by the Autorité, which, at the end of its investigation and competitive analysis, could call into question certain acquisitions by considering that remedies were necessary in areas where there would be insufficient competition for consumers after the transaction.



After examining the transaction, the Autorité has cleared Auchan to acquire control of the stores in question, subject to commitments regarding two stores to ensure that consumers have access to sufficient alternatives and can benefit from competition when buying everyday consumer goods.



 



[1] Derogation granted under Article L. 430-4 of the French Commercial Code (Code de commerce) by letter dated 19 March 2024.
      
      

                
          
        
            The parties to the transaction



Auchan operates stores in the food retail sector, under various formats: hypermarkets (under the Auchan banner), supermarkets (under the Auchan Supermarchés banner) and convenience stores (under the My Auchan banner). Auchan also offers online Click & Collect shopping, with collection (at collection points or drive-throughs, under the Auchan Drive and Chronodrive banners) or home delivery.



Auchan and the 98 target stores, formerly operated under the Casino banner[2], are primarily active in the food retail markets.

Risks to competition to the detriment of consumers identified in two local areas



Although the Autorité ruled out any risk of harm to competition in the vast majority of areas examined where Auchan already had stores, it concluded that the transaction was likely to hinder competition in the market for the retail distribution of food products in Aubagne (13) and the 11tharrondissement of Marseille, at the La Valentine shopping centre (13).



The Autorité considered that, in these areas, there was serious concern about Auchan strengthening its market power, without there being any credible or sufficient alternatives to regulate is competitive behaviour. This situation risked leading, in particular, to a reduction in the diversity of the offering, a decline in the service level or an increase in prices, to the detriment of consumers in the areas concerned.

Commitments to sell a store to a competitor in Aubagne and to transfer the operation of part of the retail space of the Auchan hypermarket in the La Valentine shopping centre in Marseille to two competitors



To address the risks to competition in Aubagne, Auchan has undertaken to divest, to a competitor, a store belonging to its group in Aubagne or the target store, at its discretion. The stores concerned are the following:
      
      
      

                
          
              

  
  
      
      
                        Area
                      Address
                      Post code
                      Town
                      Pre-transaction banner
            
    
  
      
                      
                      Aubagne
                      100 avenue Gabriel Péri
                      13400
                      Aubagne
                      Auchan
                  
                      
                      
                      
                      or
                      
                      
                  
                      
                      Aubagne
                      33 avenue Roger Salengro
                      13400
                      Aubagne
                      Casino (target store)
                  
          
    
  

      
      

                
          
        
            

This commitment will ensure that a sufficient level of competition is maintained and that consumers’ interests are safeguarded in the markets concerned.



At the La Valentine shopping centre in Marseille, Auchan has undertaken to transfer part of the retail space of the target store, which it currently leases, to two other parties, via sub-leases. After the transfer, the aim is for one of the parties (or transferees) to operate at least 2,500 sq.m. of retail space (hypermarket) and the other to offer a more specialised food offering. Following numerous exchanges with Auchan and the shopping centre landlord, and several months of detailed investigation, the Autorité concluded that this – novel – commitment would eliminate the risks of harm to competition in Marseille by maintaining sufficient competition and enhancing the food offering for consumers. 

The Autorité will ensure that the commitments are correctly implemented, so as to maintain effective competition and the continued operation of the stores concerned



The proposed buyers and transferees will need to be approved by the Autorité, which will ensure that they are able to provide a credible food retailing alternative in each of the areas concerned. The Autorité will ensure that the buyers and transferees have the skills and financial capacities to operate and develop the target stores on a long-term basis. The sale of the store in Aubagne and the transfer of part of the retail space in Marseille must include all the components required to maintain the viability of the business. During the search for buyers and transferees, the stores will continue to be operated under the Auchan banner.



In Marseille specifically, the sub-leases will also need to be approved by the Autorité, which will ensure that they offer the transferees sufficient commercial independence vis-à-vis Auchan.
      
      
      

                
          
            Banner changes and store divestitures in the food retail sector: the Autorité de la concurrence takes stock of a major reorganisation



The decision issued today marks the end of the more than year-long examination by the Autorité de la concurrence of the impact for consumers of the change of banner of 404 former Casino stores. The Autorité also analysed the effects of another major transaction in the food retail sector, namely the acquisition by Carrefour of the French operations of the Louis Delhaize group, i.e. 186 stores. In total, the banners of 590 former Casino, Cora and Match stores have changed to Intermarché (261), Carrefour (213) and Auchan[3] (116). In addition, the Autorité has examined several other transactions, such as the takeovers of several Casino stores by members of the E. Leclerc cooperative[4].



In order to maintain the conditions of healthy competition locally and ensure that consumers have access to sufficient alternatives for their food shopping, all of the companies proposed commitments, which the Autorité accepted and will monitor with the help of independent monitoring trustees.



The commitments consist of the divestiture of 25 stores[5] – i.e. less than 5% of the stores acquired as part of the transactions – to competing banners, which the Autorité will approve before any further change of banner in order to ensure the effective restoration of competition locally.



The stores concerned by the divestitures, which have already been completed or will be in the coming months, are located throughout mainland France[6]:



Mercin-et-Vaux (02) – Carrefour



Crouy (02) – Carrefour



Cusset (03) – Carrefour[7]



Villers-Semeuse (08) – Carrefour



Aubagne (13) – Auchan



Lambesc (13) – Intermarché



Hérouville-Saint-Clair (14) - Carrefour



Blanzac-lès-Matha (17) – Intermarché



Plouaret (22) – Intermarché divested to Carrefour



Bagnères-de-Luchon (31) – Intermarché



Revel (31) – Intermarché



Susville (38) – Intermarché



Lons-le-Saunier (39) – Intermarché divested to Carrefour



Charlieu (42) – Intermarché



Vals-près-le-Puy (43) – Intermarché divested to Carrefour



Boé (47) – Intermarché



Nancy (54) – Carrefour



Arc-lès-Gray (70) – Intermarché



Publier (74) – Carrefour



Paris 2nd arrondissement (75) – Carrefour



Valence-d’Agen (82) – Intermarché



Lorgues (83) – Intermarché



Solliès-Pont (83) – Intermarché



Les Pavillons-sous-Bois (93) – Carrefour



Argenteuil (95) – Carrefour



 







 




      
      

                
          
        
            

[2] Under the derogation granted, Auchan was able to change the stores’ banner, without waiting for the decision issued today by the Autorité: the stores are today operated under one of the Auchan group banners.



[3]Of which 18 acquired by the Rocca group in Corsica.



[4]One of the takeovers, which was granted a derogation from the suspensive effect of merger control, is still under examination. The store concerned is the former Casino hypermarket in Brest (22), which is currently closed.



[5]In addition to the 25 stores listed, a store acquired by Auchan from Casino in Marseille (13) is subject to a commitment to reduce the surface area of the store, which will be transferred to two competing banners, one of which will operate a hypermarket.



[6]The three stores to be divested by Intermarché under Decision 24-DCC-02 of 11 January 2024 have already been taken over by Carrefour, which was approved by the Autorité. The three stores concerned are located in Plouaret (22), Lons-le-Saunier (39) and Vals-près-le-Puy (43).



[7]Termination of a Carrefour franchise agreement.
      
      
      

                
          
        
          
            Decision 25-DCC-65 of 21 March 2025
      
          
            on the acquisition of full control of 98 stores formerly operated under the Casino banner by Auchan 
      
        
                  
            
            The full text of the decision (in French) will be available soon
      
          
              
      

                
          
  
    Contact(s)
          
                
          
              
          
        
              


      
      
      
  
    
      
            Nicola Crawford
      
      
            Communication officer
      
    
    
      
            +33155040151
      
      
     Contact us by e-mail

Auchan's Acquisition of Casino Stores Approved with Conditions

The Autorité de la concurrence, France's competition authority, has completed its review of Auchan's acquisition of 98 food retail stores previously operated under the Casino banner. The authority granted Auchan a derogation from the suspensive effect of merger control, allowing the transaction to proceed while still subject to a final decision regarding competition concerns.

After thorough analysis, the Autorité concluded that the acquisition could potentially harm competition in two specific areas: Aubagne and the 11th arrondissement of Marseille. In these locations, the authority identified risks of Auchan enhancing its market power without sufficient alternatives for consumers, which could lead to reduced product diversity, lower service levels, or increased prices.

To mitigate these risks, Auchan has committed to divesting a store in Aubagne and transferring part of the retail space in the La Valentine shopping centre in Marseille to two competitors. This divestiture aims to ensure that competition remains robust and that consumers have access to a variety of food retail options.

The Autorité will oversee the implementation of these commitments, ensuring that the new operators can provide credible alternatives in the affected areas. The authority will also approve the buyers and transferees to confirm their capability to operate the stores effectively in the long term.

This decision is part of a broader examination of the food retail sector in France, where the Autorité has been monitoring the impact of various acquisitions and banner changes to maintain healthy competition and consumer choice.



The Autorité de la concurrence clears the acquisition by Auchan of 98 food retail stores formerly operated under the Casino banner, subject to two commitments

Auchan's Acquisition of Casino Stores Approved with Conditions

The French competition authority has approved Auchan's acquisition of 98 food retail stores from Casino, contingent upon commitments to maintain competition in specific local markets.