NewPrinces Completes the Acquisition of Carrefour Italia

This transaction represents the realisation of our strategic plan for growth and vertical integration, strengthening NewPrinces’ presence across Italy and bringing production and distribution ever closer together.

With Carrefour Italia, the Group becomes the second-largest agri-food operator in Italy by revenue and the largest employer in the food & beverage sector, with 13,000 direct employees in Italy, over 18,000 globally, and a further 11,000 people involved through external partners. Consolidated revenues now reach approximately €7 billion, with shareholders’ equity expected to exceed €1.1 billion by year-end.

The network of over 1,000 stores across Italy provides a strategic foundation to consolidate our commercial presence. The future strategy for Carrefour Italia also includes the gradual relaunch of the historic GS brand, with a new market positioning and phased expansion plan. Full integration with the NewPrinces logistics platform will further enhance distribution, making services more efficient and closer to customers.

This acquisition also enables the Group to engage directly with end consumers, optimise synergies between production and retail, enhance existing brands, develop omnichannel platforms for fresh and packaged products, and strengthen its presence in key European markets.

From today, the companies within the acquired perimeter assume new names: Carrefour Italia S.p.A. becomes Princes Retail S.p.A., Carrefour Finance S.r.l. becomes Princes Finance S.p.A., and Carrefour Property S.r.l. becomes Princes Property S.p.A. The name of G.S. S.p.A. remains unchanged.

For more details, please refer to the press release available at this link.