Albert Heijn Shares Climate Impact Of 1,100 Private-Label Products
ESM - European Supermarket Magazine
The industry magazine for C-suite executives and procurement managers working in the European grocery retail sector.
Dutch retailer Albert Heijn has commenced sharing the 'climate impact' of 1,100 of its private-label products, both in-store and via its digital app.
The move, which provides insights to consumers on the CO2e impact of their purchases, came about through a partnership with Vienna-based climate tech startup, inoqo.
"We are introducing something quite unique, innovative, and straightforward – a score that reveals the climate impact of products, known as the Product Climate Footprint (PCF)," commented Jens Gronheid, sustainability manager at Albert Heijn.
"It provides a detailed insight into how each food and beverage product contributes to climate change. Thanks to the inoqo platform, we have been able to assess a large number of products in a relatively short period."
The system enables the Ahold Delhaize-owned retailer to identify 'hotspots' within its product selection, and together with its suppliers, work on actionable solutions to reduce their impact. The Dutch retailer sees the tool as an important one as it makes progress towards its net-zero emissions goals.
Groupe Casino has completed the sale of 121 stores to Groupement Les Mousquetaires, Auchan Retail France and Carrefour.
This transaction is based on an enterprise value of €698 million, the retailer noted, with Groupement Les Mousquetaires acquiring 50 supermarkets, 15 hypermarkets and one Drive outlet.
Auchan Retail France bought 15 supermarkets and 17 hypermarkets, while and Carrefour acquired 13 supermarkets and 10 hypermarkets.
Groupe Casino had agreed to dispose of a total of 287 stores to the three supermarket groups earlier this year.
The disposal of the remaining 166 stores will occur in two stages, on 31 May 2024 and 1 July 2024, respectively, the company added.
French retail giant Auchan has finalised its acquisition of DIA Group's Portuguese operations, significantly boosting its store count in the country.
The deal, originally announced in August 2023 and valued at €155 million, gives Auchan ownership of 483 Minipre?o stores, adding to its existing 100 stores. This brings the company's total Portuguese network to 583 stores, including 30 gas stations, four warehouses, and a digital store.
The move will strengthen its position in the proximity format, in which it already operates under the MyAuchan banner and invests in franchising.
This acquisition also brings Auchan's workforce in Portugal to 11,000 employees. The company plans to invest an additional €100 million over the next three years to modernise and develop Minipre?o stores.
British supermarket Asda has refinanced over ￡3.2 billion (€3.7 billion) of debt, pushing out the majority of its maturities into the next decade, it said in a statement.
Asda, the UK's third largest grocer, is owned by brothers Zuber and Mohsin Issa and private equity firm TDR Capital.
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The supermarket has been burdened by high debt levels since the Issas and TDR bought the business from Walmart in a ￡6.8 billion (€8 billion) deal in 2020 which left the US giant retaining a 10% stake. Asda's interest costs in 2023 were ￡225 million (€263.1 million).
UK-based real estate investment trust Supermarket Income REIT has purchased a portfolio of Carrefour France supermarkets for €75.3 million as part of an off-market sale and leaseback transaction.
It added that the portfolio 'comprises 17 strongly high-performing omnichannel supermarkets', geographically diversified with an inclination towards Northern France, and operated under the Carrefour Market banner.
The stores have an average gross internal area of 3,716 square metres, with a long history of successful trading, and form a key part of Carrefour's 'Drive' online grocery fulfilment network within their respective catchments.
The portfolio will reflect a net initial yield of 6.3% and has a weighted average lease term of 12 years with annual revision of the rents indexed to inflation.
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The latest issue of our magazine is out now
In our March/April issue we meet Dr Steffen Greubel, chief executive of wholesale giant METRO AG, we chat to Conad director general Francesco Avanzini, we catch up with Sarah Bradbury, the recently appointed chief executive of IGD, we reveal Europe's Fastest-Growing Categories, in association with Circana, and we announce the winners of this year's European Private Label Awards.
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