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NewPrinces Acquires Carrefour Italia, Shaking Up the Retail Landscape
In a notable move that has sent ripples through the Italian retail sector, NewPrinces Group has announced the acquisition of Carrefour Italia’s entire operations. The news has led to a sharp decline in NewPrinces’ stock on Piazza Affari, with shares dropping over 11%, while the French retail giant, Carrefour, has seen its Paris-listed shares surge.
The deal, valued at a substantial €1 billion, will see newprinces, formerly known as Newlat, take full control of Carrefour italia. This encompasses not only the extensive network of stores but also key subsidiaries: Carrefour Property, GS Spa, and Carrefour Finance, which specializes in factoring. The transaction is anticipated to be finalized by the end of the third quarter of 2025. Carrefour has indicated that this divestment will result in a negative liquidity impact of €240 million for the French group.
The acquired Italian footprint includes a vast network of 1,188 points of sale, comprising 41 hypermarkets, 315 supermarkets, and 820 smaller format outlets.This strategic exit from Italy marks Carrefour’s departure from a market that has proven increasingly challenging in recent years, characterized by stagnant demand and numerous failed turnaround attempts.
carrefour Italia generated approximately €3.7 billion in total turnover, with an EBITDA of €115 million, a figure that includes its real estate activities. Geographically, the supermarket chain has a strong presence in Northern Italy, with significant concentrations in Lombardy (314 outlets), piedmont (202), and Lazio (195). The group currently employs around 18,000 individuals, with 10,000 in direct roles and 8,000 in indirect positions.Under the terms of the agreement, Carrefour italia will continue to operate under the Carrefour brand license for an agreed transitional period. Moreover, Carrefour will provide a one-time contribution of €237.5 million to support the industrial relaunch and operational continuity of the acquired business. NewPrinces,in turn,has committed to investing a minimum of €200 million to revitalize the Italian operations.Angelo Mastrolia, President of NewPrinces, highlighted the strategic rationale behind the acquisition, emphasizing the creation of an integrated model that bridges production and distribution. The objective is to establish a direct connection with the end consumer, elevate the group’s own brands within the retail environment, and leverage logistical and operational synergies across the entire value chain.
