PLESIO and the Zouari family have finalized a French retail partnership that gives the family 60% of a Franprix network development venture and Franprix full ownership of an operator of about 90 stores.
Franprix holds the venture’s remaining 40%. The store operator is Pro Distribution, in which Franprix increased its stake from 73% to 100%. The venture is dedicated to developing the Franprix store network.
The partners announced the proposed restructuring June 8 and said Nov. 2 that they had completed it, building on a relationship of more than 25 years. PLESIO said the new arrangement is intended to simplify the partnership and support development of the Franprix network.
Casino Group introduced PLESIO as its corporate identity in October, with Franprix remaining one of its seven retail brands. The group reported nearly 25,000 employees, about 6,500 stores and €12.5 billion in business volume for 2025.
Shareholders are expected to vote in 2027 on formally changing the group’s registered name to PLESIO.
