GMG will have exclusive rights to expand Géant operations across the ME
GMG, a company involved in retailing, distributing, and manufacturing international and national brands, has acquired Géant’s operations in the UAE to expand its businesses in the food retail category.
GMG acquired Géant’s retail business in the UAE from Urban Foods by Dubai Holding, including 18 hypermarket and supermarket locations, according to a recent press release. As part of the transaction, GMG will have exclusive rights to expand Géant operations across the Middle East.
“This acquisition is a milestone in our history as we venture into the food retail category. In doing so, we are able to cover the entire consumer journey from food manufacturing and distributing to retail,” explained Mohammad A. Baker, Deputy Chairman and CEO, GMG.
GMG, which has a portfolio of leading international and home-grown brands across sport, food and health sectors, has entered the food retail sector with the acquisition of Géant operations in the UAE and exclusive rights to expand Géant operations in the Middle East.
Géant is a part of Groupe Casino, a French retailing giant with a turnover of over EUR35bn (US$ 37.84bn). GMG acquired Géant’s current UAE retail footprint from Urban Foods by Dubai Holding.
Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!
