The 57 Match and Smatch stores generated sales of approximately EUR 300 million in 2022 and employ 1,069 people. This transaction is in line with the long-term strategy of the Colruyt Group with a view to accelerated growth.
The Colruyt Group is a family business that has grown over three generations into a retail group with more than 33,000 employees and a diverse portfolio of food and non-food products in Belgium, France and Luxembourg. The group generated a revenue of EUR 10.8 billion in 2022/23 and is listed on Euronext Brussels. The Colruyt Group has more than 700 own stores and 580 affiliated stores. In Belgium, the Group offers products or services to consumers through a number of brands, including Bike Republic, Bio-Planet, Colruyt Lowest Prices, Cru, DATS 24, Dreambaby, Dreamland, Kangourou, Okay, PointCarré, Spar, Jims, Newpharma, The Fashion Store and Zeb.
The team further consisted of Olivier Van Wouwe, Louisa Vandepitte and Don Baudewyns (Corporate & Finance), Julie De Bonnet, Stanislas Cartier, Louise Vanherreweghe, Estelle Langenaeken (Real Estate), Jens Mosselmans, Leana Derard, Mathijs Van Haver (Regulatory), Lentle Nijs (Finance), Philippe François, Thierry Duquesne, Frédérique Czanik (Employment), Ken Lioen, Bruno Vanden Berghe, Hanne Nelissen (Tax) and Evi Mattioli (Competition).
The transaction is subject to the approval of the Belgian Competition Authority.