Intermarché notified the Autorité de la concurrence of its plan to acquire 200 food retail stores operated under the Casino group banner[1]
To take account of the stores’ difficult economic situations, the Autorité granted the Intermarché group, at its request, a derogation from the suspensive effect of merger control[2]
which enabled Intermarché to complete the transaction without waiting for the Autorité to issue its decision
was without prejudice to the final decision to be taken by the Autorité
at the end of its investigation and competitive analysis
could call into question certain acquisitions by considering that remedies were necessary in areas where there would be insufficient competition for consumers after the transaction
the Autorité has cleared Intermarché to acquire control of the stores in question
subject to divesting 11 stores to competing banners in order to ensure that consumers have access to sufficient alternatives and can benefit from competition when buying mass-market products
The examination of the transaction concerned stores other than the 61 stores operated under the Casino group banner whose acquisition by Intermarché was previously examined and cleared by the Autorité on 11 January 2024
subject to the divestiture of three stores that have already changed banners in Lons-le-Saunier (39)
The three stores were divested to the Carrefour group[3]
Intermarché operates various banners in the food retail sector
Netto (hard discount) and Les Comptoirs de la Bio
Intermarché and the target stores are active in the downstream food retail markets
notably through its subsidiary Agromousquetaires
and a buyer in the markets for the supply of everyday consumer goods
where the target stores are also present as buyers
The Autorité considered that the transaction was not likely to significantly strengthen Intermarché’s purchasing power in the upstream markets for the supply of everyday consumer goods
given the low purchasing share of the former Casino group stores acquired by Intermarché
The Autorité also found that the transaction was not likely to place the parties’ suppliers in a situation of economic dependency[4]
the Autorité concluded that the transaction was likely to hinder competition in the market for the retail distribution of food products in 11 catchment areas surrounding the former Casino group stores in Arc-lès-Gray (70)
The Autorité considered that in these areas
where Intermarché would significantly strengthen its market power following the transaction
there would be no credible and sufficient alternatives to Intermarché
to a reduction in the diversity of the offering
to the detriment of consumers in the areas concerned
These commitments will ensure that a sufficient level of competition is maintained and that the interests of consumers are safeguarded in the markets concerned
The proposed buyers will need to be approved by the Autorité
which will ensure that they are able to provide a credible food retailing alternative in each of these areas
The Autorité will ensure that the buyers have the skills and financial capacities to operate and develop the target stores on a long-term basis
The divestitures must include all the components required to maintain the viability of the business and include the staff employed in the stores concerned prior to their takeover by Intermarché
The commitments are intended to safeguard adequate local competition
The aim is to allow a competitor to take over the stores and their activities in order to safeguard competition in the area concerned
thereby ensuring that consumers have a diversified offering in terms of prices and products
The store divestiture process is closely monitored by the Autorité in the months following the decision to clear the transaction
The party cleared to carry out the transaction must present to the Autorité buyers capable of ensuring a valid takeover and then providing effective competition
which will clear the effective divestiture of the store in question
The divestitures do not therefore entail the closure of the stores
While the effective conclusion of a merger is subject to clearance by the Autorité de la concurrence
the Autorité may grant a derogation enabling the parties to finalise part or all of the transaction without waiting for the clearance decision
in order to allow for the continuation of the business activities
The granting of such a derogation is exceptional
A derogation may be granted in cases where the acquired business is experiencing significant difficulties
the granting of a derogation by the Autorité is without prejudice to the final decision taken at the end of the investigation
divestitures) or even prohibit the transaction if it is detrimental to competition
[1] Since the planned transaction was notified and after Intermarché informed the Autorité
several target stores have been transferred back to the Casino group or removed from the scope of the acquisition
430-4 of the French Commercial Code (Code de commerce) by letter dated 1 March 2024
[3]Autorité decision 24-DCC-02 of 11 January 2024
Auchan and Casino entered into new alliances in 2024
The possible effects on competition of these purchasing alliances
420-1 of the French Commercial Code (Code de commerce)
did not fall within the scope of the examination of this transaction
the new entity has undertaken to divest either of the two stores identified
As the earth shook in the Var and Alpes-Maritimes on Saturday evening
a magnitude 4.4 earthquake in the Mediterranean was felt from Nice to Marseille
Could the city of Marseille experience another such seismic event
Marseille could indeed experience another earthquake
Provence – of which Marseille is a part – has “often” experienced earthquakes
the African tectonic plate plunges beneath the Eurasian plate
the Trevaresse fault triggered a magnitude 6 earthquake that killed 46 people and destroyed 1,500 homes in Lambesc
making it the largest earthquake in France in the last century
an earthquake of magnitude 5.2 hit Corsica and the 6th
Monaco and Provence in general are recognized as seismic zones
Interviewed by the newspaper La Provence
geologist Olivier Bellier asserts that “this type of earthquake
occurs one to three times every 10 years or so” in south-eastern France
It would therefore appear that this seismic episode will not be the last
Including the actress telling us why she doesn’t use traditional wine glasses
We frequently interview Parker—in fact, you can hear her on episode 14 of our Straight Talk podcast—and her Invivo & Co. partners
We’ve chatted about everything from the tasting and selection process to Parker’s direct involvement with her wines’ development and marketing and even her charming take on the ideal wine glass
SJP wines—including Parker’s Sauvignon Blanc
a French rosé and a new Pinot Noir—and her low-alcohol
There’s an Invivo X Sauvignon Blanc and a French rosé
both of which were launched with the 2019 vintage
Parker’s Sauvignon Blanc is sourced from vineyards in Marlborough
while her rosé currently comes from the Lambesc commune in southern France’s Provence region
Parker added the first red wine to the Invivo X wine
The debut 2022 vintage blends Pinot Noir from Marlborough with a small amount of Pinot from Central Otago
which has been gaining prominence as a great region for Pinot
sometimes veering into ripe tropical fruit flavors
She always thought of herself as a Chardonnay drinker, but “I think I used to feel like that slightly exposed myself as not a very complex person,” Parker told us
where New Zealand wines are widely available
Parker sampled many of them and fell hard for Sauvignon Blanc
“I always thought of it as a much more kind of ‘littler’ wine
and I always thought that I preferred kind of a bigger wine
"She is fantastic," Invivo co-founder Tim Lightbourne told us
she has wanted to be very involved and accessible
naturally funny and passionate about enjoying a glass of wine
She is a global star—we are just two old schoolmates from New Zealand—and we all just had a great time chatting away."
Parker worked with the founders to select the final blends for bottling, but also on the name and label. The “X, Sarah Jessica Parker” is a nod to a letter signature; Parker hand-drew the “X” on the label and had it color-matched to a teal hue that’s one of her favorite colors in her line of shoes
“It was December, which was funny to be imagining the summer," the actress told us via Zoom in spring 2020. "Though a different summer than we're probably going to have."
The biggest hurdle was getting the wine samples from the south of France
where the partners had worked with Vins Chevron Villette
Cameron and Lightborne arrived with the potential components in a suitcase
kicking off an hours-long tasting and blending session that started in the morning
Parker is thrilled with how the final blend turned out
“I think where we landed is very much where I hoped to be
but it retains some of those immediately recognizable hallmarks of a rosé," she told us
During Covid lockdowns, Parker hopped on plenty of video calls to work virtually with the Invivo winemakers
to bridge the thousands of miles between New York and New Zealand
the Invivo team shipped Sauvignon Blanc samples from Marlborough along with flasks and cylinders so Parker could create the same blends they were tasting
(Husband Matthew Broderick pitched in to help.)
"I thought the distance would make the kind of necessary communication impossible
Each of the four bottlings in the Sevenly range—sparkling, Sauvignon Blanc, rosé and a red blend—features 7 percent alcohol by volume and under 100 calories per glass. While Sevenly is not available in the United States currently, the Invivo website notes plans to bring it Stateside
“I will drink wine out of a wine glass,” Parker laughed to us
But I started drinking wine more in Europe
where wine often comes to the table in a little carafe
… There was something that took the intimidation out of it for me; it felt more familiar
So that's the way we drink wine in our house
“It has lovely berry and chocolate flavors
This blend has so much structure and depth … and I especially love chilling this one for 30 minutes before pouring a glass.”
Aren't red wines supposed to be served at room temperature? Well, Parker is actually onto something. Lighter-bodied, fruit-forward red wines are best served at 50 to 60 degrees F—significantly cooler than most of us keep our rooms
Serving a red wine too warm can accentuate the alcohol and make the wine feel flabby; keeping it on the cooler side preserves its freshness and bright fruit
just what you want when enjoying a glass on a warm day
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THE French Alps have been rocked by 140 mini-quakes in just 40 days - sparking fears a huge earthquake could strike at any time
There are also fears the tremors could lead to a deadly avalanche hitting dozens of popular ski resorts in the Alps mountain
According to Sismalp - an earthquake observation organisation - 140 minor tremors in the Maurienne part of Savoie region were recorded in the last 40 days
The strongest tremor registered was 3.8 on the Richter scale
Residents in the region have described how they had been getting used to being shaken awake at night in recent weeks
told Europe1 radio: "The noise is like a storm coming from far way
"The last earthquake was really frightening
Since the end of August it has never stopped
Every two days there is one and they are getting more common."
Everyone in the village is talking about it."
After a series of quakes along the French Riviera in 2014
a French specialist seismologist warned that south east of France would be hit by a "deadly" earthquake
Remy Bossu from the European Mediterranean Seismological Centre (EMSC) in Paris told The Local: "We don't know when a big one will come
but it will and there will be fatalities."
The last time France was hit by a deadly quake was back in 1909 in the town of Lambesc in Provence - which left 46 people dead and 250 injured
It measures six on the Richter scale and is the still the largest quake ever recorded in mainland France
The series of earthquakes come just a month after Mexico was hit by a massive 8.1 magnitude quake off the southern Pacific coast killing at least 42.
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