In a move aimed at improving access to affordable, quality food products, IFC, Fipar-Holding and CDG Invest Growth today announced a strategic investment in Retail Holding, a key player in the distribution of food and large-scale products. consumption in Morocco. This investment marks a new phase in the company’s expansion, both nationally and internationally.
The three entities will jointly hold 21.5% of the share capital of Retail Holding, alongside historical shareholders, Best Financière and Sanam Group. This partnership aims to support the development of Retail Holding’s activities in Morocco and Côte d’Ivoire, particularly in regions hitherto poorly served, while strengthening local food supply chains and stimulating the creation of jobs.
The IFC, an arm of the World Bank Group dedicated to private sector financing, will also provide advisory services to improve Retail Holding’s environmental and social practices. In addition, she will support the group’s efforts in terms of gender equality, particularly through initiatives to recruit and retain female talent.
Retail Holding, with its experience in the mass distribution sector, is the majority shareholder of Label’Vie, one of the largest food distribution chains in Morocco. In Côte d’Ivoire, the group owns the Compagnie de Distribution de Côte d’Ivoire (CDCI), a major player in the field. The company has also recently expanded its operations to France.
The other partners, Fipar-Holding and CDG Invest Growth, will provide their expertise to support Retail Holding in the execution of its growth strategy, particularly through the development of new segments such as online commerce.
The general director of Retail Holding, Riad Laissaoui, welcomed this partnership, saying: “The arrival of Fipar-Holding, CDG Invest Growth and IFC marks a new stage in our development. We are convinced that their expertise and commitment will allow us to achieve our growth ambitions in Morocco and internationally. »
Khalid Ziane, Managing Director of Fipar-Holding, highlighted the importance of this investment for economic and social development, particularly in terms of access to quality products at competitive prices. For his part, Hassan Laaziri, Managing Director of CDG Invest Growth, emphasized the common objective of transforming the consumer experience by offering modern stores accessible to all.
David Tinel, IFC regional representative for the Maghreb, reaffirmed the organization’s commitment to supporting Moroccan companies in their expansion in Africa, while emphasizing the importance of the private sector in improving food security in the region.
LNT
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– 2024-10-07 13:54:45
