Casino Group Enters Negotiations to Buy Sarenza
19 February 2018 - 6:35PM
Dow Jones News
By Nathan Allen
Casino Guichard-Perrachon SA's (CO.FR) Monoprix subsidiary has
entered exclusive negotiations to acquire French online footwear
specialist Sarenza, the company said Monday.
The deal follows a string of partnerships signed by Monoprix and
forms part of the retailer's digitalization strategy, Casino
said.
Neither company disclosed financial details of the proposed
transaction.
Sarenza, which reported sales of 250 million euros ($310.2
million) in 2017, sells shoes and accessories in 30 markets across
Europe, according to a release from Casino.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
February 19, 2018 02:20 ET (07:20 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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