GMG acquires Geant UAE operations

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GMG, a worldwide well-being firm retailing, distributing and manufacturing a portfolio of main worldwide and home-grown manufacturers throughout sport, meals and well being sectors, has acquired Géant operations within the UAE and rights to increase Géant operations within the Center East.

Géant is part of Groupe On line casino, a French retailing big with a turnover in extra of EUR35 billion. GMG is buying Géant’s present UAE retail footprint from City Meals by Dubai Holding. This can embrace a complete of 18 hypermarket and grocery store places throughout the UAE, with the brand new openings that includes a few of Groupe On line casino’s different manufacturers reminiscent of Franprix and Monoprix, to which GMG may even have unique rights to increase.

Final 12 months, GMG introduced the redesign of its enterprise into 4 verticals: GMG Sports activities, GMG Meals, GMG Well being, and GMG Shopper Items. The most recent acquisition falls below the GMG Shopper Items vertical, bringing the whole workforce to over 700 workers. In the meantime, GMG continues to develop its unique meals manufacturers Farm Contemporary and Klassic, in addition to being a distributor for widespread meals manufacturers reminiscent of McCain, Mama Sita’s, and Shan.

The Géant deal follows one other high-profile GMG retail acquisition of Royal Sporting Home in 2020. Not too long ago, GMG additionally acquired the rights to handle, distribute, and retail the Nike model in Egypt and Iraq beginning in Q3 2022, contributing to a diversified sports activities portfolio that already covers over 400 shops throughout the MENA area and Asia.

To this point, GMG has launched greater than 120 manufacturers into its markets. The corporate introduced plans final 12 months to double its world workforce by 2025 as a part of a revitalized enterprise technique that reiterates its aims to advertise more healthy and extra lively existence.

Additionally revealed on Medium.