Retail Holding

  • Retail Holding buys out partners in CDCI

    Private-equity fund Amethis and Ivorian-Lebanese entrepreneur Yasser Ezzedine have sold their stakes (25% and 40%, respectively) in CDCI (Compagnie de Distribution de Côte d’Ivoire) to Morocco-based Retail Holding, giving the latter full ownership of the Ivorian chain. CDCI is the second-largest player in Ivorian grocery retail, behind Prosuma. Financial terms were not disclosed. In 2014, Retail Holding,

    Categories: SagaRetail News - Retail - Supermarkets - Cote d'Ivoire

  • Retail Holding raises capital to expand and modernise Ivorian subsiduary

    Morocco-based Retail Holding has raised MAD600 million (USD62 million) from the private placement of a five-year bond in order to consolidate its control of Ivorian wholesaler and retailer CDCI and fund its expansion and modernisation. This comes after reports in the Ivorian media earlier this year that CFAO (Carrefour’s franchisee in francophone West Africa, which

    Categories: SagaRetail News - Retail & Shopping Malls - Cote d'Ivoire - Morocco