Les Mousquetaires (Intermarché) achieves solid results

                  Les Mousquetaires (Intermarché) achieves solid results

                  The chains belonging to French retail group Les Mousquetaires, including Intermarché and Netto, have had a strong year in which they saw turnover increase by 2.2?%.

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                  Growth

                  In 2019, the Les Mousquetaires brands (Intermarché, Netto, Bricomarché, Bricorama, Brico Cash, Roady, Rapid Pare-Brise, and American Car Wash) recorded 41.2?billion euros in sales (+?2.2?%). In addition, the group has 62?food companies under the banner of Agromousquetaires: if their turnover is included, the group's worldwide turnover last year was 45.3?billion euros.

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                  Supermarket chain Intermarché makes up more than half of Les Mousquetaires' turnover, with French sales of 23.5 billion euros (excluding fuels; an increase of 1.9%). It is a remarkable result in a country where most supermarket chains (Auchan, Casino, Carrefour, ...) are having a hard time. Outside of France, the chain is also active in Belgium, Poland and Portugal.

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                  Private label and organic products

                  Intermarché's success also comes courtesy of the expansion of its range of private label products, which already represent 32?% of turnover and are mainly supplied by the 62?Agromousquetaires factories. This industrial branch is the fourth largest food group in France with a turnover of 4.1?billion euros, a growth of 2.4% compared to a year ago. "Agromousquetaires allows us to make our recipes rapidly evolve towards better food", president Thierry Cotillard explains to Les Echos.

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                  Furthermore, sales of organic products grew by 26?%: this segment now represents 850?million euros. Online sales increased by almost 13?%.

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