Casino Group today announces the signature with Aldi France of a unilateral promise to purchase with a view to the sale of 3 warehouses and 567 stores in the Leader Price perimeter in metropolitan France, for an enterprise value of €735 million (including a €35 million earn-out, paid in the event of compliance with operational indicators during a transition period).

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Casino group has completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses, for an enterprise value of 717 million euros (including an earn-out of up to. Casino Group completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses. Paris, 30 th November 2020. Casino group has completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses, for an enterprise value of 717 million euros (including an earn-out of up to €35 million). Il nodo maggiore, per Casino, riguarda ora i punti di vendita in franchising, una settantina. Visto che Aldi non sviluppa l’affiliazione, Casino dovrebbe distribuirli all’interno della propria rete, con un occhio di riguardo per Franprix, consorella di Leader Price, con 400 supermercati nell’Esagono.

Casino Group completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses. Paris, 30 th November 2020. Casino group has completed the sale to ALDI France. Casino group remains the owner of the Leader Price brand and will continue to operate it in France and internationally, under certain conditions agreed with ALDI. The Group will keep its profitable.

With this agreement, the transferred Leader Price stores will develop under the Aldi banner and will benefit from the commercial dynamics of Aldi France.

Casino Group will remain the owner of the Leader Price brand in order to continue to operate it under certain conditions agreed with Aldi, in France and internationally.

The sale will take place after consultation with employee representative bodies and subject to obtaining the authorization of the French Competition Authority.

The debt burden has recently caused the French retailer Casino to put its store chain in sale. Aldi, the rival German casino is going to buy it. Jean-Charles Naouri, one of the shareholders has been looking for ways to repay the debt of the company. Finally, they have chosen asset sale as the easiest option to do it. The name of the store chain is Leader Price, and Aldi France has submitted an order for the proposed binding. In 2018, the sale of Leader Price was 2.5 Bn euros.

Brazilian brands will grab Kuwait Supermarket

Mishref Cooperative Society, with presently owning 54 supermarkets, is now open for the sale of Brazilian brands. It has already found high sale of duck meat and chicken from Brazil. Greegana Rohana, the trade manager of this co-op, has commented that he thinks of importing various other products from Brazil. Mishref, one of the cooperatives, has worked with several local suppliers. Thus, it has helped the retails to get imported and local items. As per the words of Rohana, the suppliers have chosen the foreign brands. He has thought of sending embassy of Brazil to Kuwait City, and this will open the potentials of supermarket chains. In addition, Rohana has commented that stores mostly sell the locally grown items. However, there are also some items from Germany, the USA, Italy and France.

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Shelf scanning of Hema- Holland

Hema has dealt with online ordering system and self-checkouts from shop floor. The department stores’ chain has created shelf scanner. This scanner helps the customers in scanning their own items. Thus, this system promotes contactless payments. The innovation lab of Hema also works for mobile customers, using the self-checkout service. The retailer app works with shelf scanner. This process removes the complication of checkout system. The tech enthusiastic shoppers know what they desire, and, there is no need to wait around.

Sustainable chemistry, committed by USA brands- Ahold Delhaize

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Ahold Delhaize has declared that its local brands, including Giant Food, Peapod and Food Lion, have targeted at the sustainable chemistry. Due to this commitment, there will be a very restricted use of chemicals for packaging and product manufacturing. Ahold Delhaize will also work with various suppliers to retain the highest standards of the products. This will eliminate the presence of contaminants from the products. Moreover, it will maintain the pollution-free environment.

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

Buying a house can be an expensive endeavor – particularly if you don’t have a plan. But thankfully, there are plenty of tactics you can use to slash the price and avoid running through all of your cash savings in one fell swoop. Here are a few of our favorites:

• Carefully Consider Interest Rates

If you’re going strictly by interest rates, there’s never been a better time to buy a house than now. As a result of the pandemic and other related factors, interest rates have plummeted to near-record lows and paved the way for a new level of affordability. But even with low rates, you need to shop around and see what your options are.

“The interest rate is arguably the most important thing in a home loan, as a lower interest rate can save you thousands (tens of thousands even) of dollars over the course of the mortgage,” Savings.com.au explains. “While getting the lowest home loan interest rate you can is important, it isn’t the be-all-end-all, as it’s very possible a mortgage with a slightly higher interest rate might be more suitable to your needs.”

All factors must be taken into account when selecting a loan. The good news is that every lender is required to give you a standardized form so that you can quickly compare apples to apples.

• Consider a Shorter Repayment Schedule

While a 30-year loan comes with a lower monthly payment, you can pay off your balance faster with a 15-year loan. As a result, you end up paying far less in interest.

Let’s say, for example, that you borrow $200,000 from the bank to buy a house. The bank offers you a 15-year fixed-rate mortgage with a rate of 3 percent, or a 30-year fixed-rate mortgage at 3.2 percent. While the 30-year loan is roughly $700 less per month, you end up paying a total of $139,938 in interest over the life of the loan. With the 15-year loan, you pay just $60,761. That’s nearly $80,000 in savings!

If you can afford to swing the larger payments, you’ll come out way better with shorter loan terms.

• Shop Around for Insurance Rates

Shopping for home insurance is one of those tasks that you have to do. It’s not fun, but it’s a requirement (by the lender) and should be taken seriously.

The tricky part about home insurance is that there are so many different providers, products, and terms. If you don’t shop around, you can overpay by a significant margin – potentially costing you thousands of dollars.

If you want to save on insurance, you should get multiple quotes from multiple companies. You also need to ask about different types of policies and deductibles. A higher deductible will save you more money (though you’ll have to make a larger payment to get coverage when something happens).

• Choose Location Wisely

Location is the most important factor in the value of a property. A builder could build the same house in Los Angeles and a small town in Mississippi and the first house could be worth $1 million, while the latter house is worth just $200,000. But it’s not just state lines that matter. Locations within an individual city or neighborhood can dramatically influence value.

One way to save money is to expand your search by one mile. If you’re willing to move just one mile further away from the desirable area that you were originally planning, you could see prices drop by 10 to 25 percent. And guess what? You’re still just a few minutes from the action.

• Be Smart About Moving Expenses

Moving can be expensive. Whether it’s across the country or across town, you can easily pay thousands of dollars just to have someone load up a few furniture pieces and move them into your new space. As with other items on this list, get multiple quotes and negotiate for the best rates.

Save Big on Your Home Purchase

A home purchase is not something you can afford to take lightly. Whether it’s the first home you’ve ever purchased, or you’ve been through the process more times than you can count, a real estate transaction can have a significant impact on your net worth and must be addressed with purpose and intentionality.

By taking these tips and techniques into account, you can save thousands of dollars and give yourself a little breathing room with your finances.

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