Colruyt Group

Colruyt Group, formerly known as Etablissementen Franz Colruyt N.V. in Dutch or Établissements Franz Colruyt S.A. in French, is a Belgian family owned retail corporation that is managing the Colruyt supermarket retail stores and other subsidiaries such as OKay, Bio-Planet, DATS 24, DreamLand, DreamBaby, etc.

Colruyt Group
TypePublic
Euronext: COLR
BEL 20 component
IndustryRetail
Founded1928
FounderFranz Colruyt
HeadquartersHalle, Belgium
Key people
Jef Colruyt (Executive chairman)
ServicesSupermarkets, toy and leisure retail, wholesale, cash and carry
Revenue€9.434 billion (2018/2019)[1]
€485 million (2018/2019)[1]
€384 million (2018/2019)[1]
Total assets€2.406 billion (2018/2019)[1]
Total equity€2.208 billion (2018/2019)[1]
Number of employees
29,903 (2018/2019)[1]
Websitewww.colruytgroup.com
Cara, a brand of Colruyt, illustrated here by a can of Pils on a mural of the railway station of Louvain-la-Neuve (Belgium).

Founded in 1928 by Franz Colruyt, the group today is most significantly known for its eponymous discount supermarket chain, which is one of the major players in especially Belgium. Colruyt Group is headquartered in the city of Halle, south of Brussels, and has operations in Belgium, France and Luxembourg. In total, it has more than 30,000 employees.

Operations

The group's main business is its Colruyt discount supermarket stores, with over 220 locations in Belgium.[1] The brand competes directly with discount retailers such as Aldi and Lidl.[2] Other food retail brands operated by the company include the grocery store chain OKay and the organic supermarket Bio-Planet. Colruyt is also one of two franchisees of the SPAR brand in Belgium. In France Colruyt operates its eponymous chain and also supplies the Coccinelle chain of supermarkets.

List of subsidiaries
  • Colruyt supermarkets - Belgium
  • Colruyt France - supermarkets
  • Colruyt Group Services (IT - work simplification - BPM - Marketing - Technics)
  • Bio-Planet - Bio (organic) supermarkets
  • Colex - Colruyt Export: export of products to Africa, South America, ...
  • Collect&Go - online grocery shopping
  • ColliShop - e-shop non-food
  • Cru - delicacies markets
  • DATS 24 - gas stations
  • DreamBaby - children apparel
  • DreamLand - toy and gift shops
  • Eoly (sustainable energy supplier)
  • OKay - grocery stores
  • Retail Partners Colruyt Group (franchising)
  • Solucious - wholesale
  • Symeta (formerly Druco) - printing company
  • ZEB - fashion apparel store

Milestones
  • 1960: purchase of IBM 360-20 to process the famous punch cards as the first supermarket in Belgium.
  • 1960s: start of the lowest prices policy with Discount Verloo.
  • 1971: opening of the first unmanned DATS 24-hour filling station in Belgium.
  • 1987: first company in Belgium to use ‘full scanning’, a barcode on the product to automate replenishment, stock management and orders.
  • 1990s: food safety in the light of the dioxin affair. the company suggested to draw up specifications with requirements for suppliers, which were later also used by other distributors
  • 2000: Collect&Go offers Colruyt’s food assortment online.
  • 2011: pursuit of animal welfare. No more meat from castrated pigs is sold in the group’s stores since early 2011.[3] Later, other supermarkets like Delhaize and Lidl also followed this example, urged on by the Global Action in the Interest of Animals (GAIA), the Belgian organisation for animal welfare.

References
  1. "Annual Report 2018/2019" (PDF). Colruyt. Archived from the original (PDF) on 13 May 2020. Retrieved 29 July 2019.
  2. Blenkinsop, Philip (28 November 2008). "Colruyt H1 profit up, but margins shrink". Reuters. Retrieved 2008-12-14.
  3. "No more meat". Global Action in the Interest of Animals (GAIA). 22 August 2011. Retrieved 2011-08-22.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.