French group Auchan Retail sells its Italian subsidiary to Conad

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French group Auchan Retail sells its Italian subsidiary to Conad
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French supermarket group Auchan Retail has agreed to sell almost all the activit...

Shopping trolleys are seen at the entrance of an Auchan Hypermarket store Shopping trolleys are seen at the entrance of an Auchan Hypermarket store in Saint-Sebastien-Loire near Nantes, France, April 30, 2019. REUTERS/Stephane Mahe

The French retailer had said in March that it was conducting a review of its loss-making markets, such as Italy and Vietnam where it has faced tough market conditions. With around 1,600 stores in Italy, Auchan Retail generated some 3.6 billion euros in revenue in Italy last year.

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