THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Spar and Netto sold to Edeka

Alliance creates European grocery giant French retail group ITM Enterprises is selling badged wholesaler Spar and the discount supermarket chain Netto to German rival Edeka. At… View Article

GENERAL MERCHANDISE NEWS

Spar and Netto sold to Edeka

Alliance creates European grocery giant
French retail group ITM Enterprises is selling badged wholesaler Spar and the discount supermarket chain Netto to German rival Edeka.

At the same time, ITM, Edeka and Spanish distributor Eroski are forming an alliance to create Europe’s biggest food distribution group.
Edeka announced that it was acquiring the Spar-Handels business and Netto for an undisclosed sum.
The deal sees ITM Entreprises exit the German market which it entered in 1997 with the acquisition of Spar. ITM has invested around €1bn in Spar, but the business has remained unprofitable in the face of strong competition from discounters such as Aldi and Lidl and a generally sluggish German retail market. Spar made a net loss of €47m last year.
Announcing the acquisition, Edeka said that ITM, Edeka and Eroski were “joining forces to create Europe’s biggest food distribution group,” but has not given further details.
Edeka is an alliance of retail and wholesale groups, including Co-ops, which takes in more than 5,000 retail outlets. ITM supplies more than 3000 stores, mainly in France, operating the Intermarche and Euromarche supermarket fascias. Eroski of Spain is a buying group and supermarket operator with retail chains including Eroski, Maxi and Consum.

Subscribe For Retail News