Amazon delivers boost to French grocery giant Monoprix

Monoprix has sealed what the French media described as a "historic" deal with Amazon
Monoprix has sealed what the French media described as a "historic" deal with Amazon

Shopping for high-end groceries in France may be about to get a little easier.

Monoprix, one of France's top supermarket and household item chains, has announced it will start selling some of its products to Amazon Prime customers in Paris later this year.

It is a first for France, where online sales lag far behind the United States and Britain.

"Amazon and Monoprix announce today a commercial partnership that aims to make Monoprix's groceries available to Amazon Prime Now customers in Paris and its suburbs this year," the companies said in a statement on Monday.

Amazon's Prime Now service delivers household items to its customers within two hours of an order.

The announcement saw the share price of Casino Guichard Perrachon SA, which owns Monoprix, jump 4.05 percent in Tuesday trading to 39.08 euros ($49) on the Paris CAC stock market.

It also appears set to shake up the retail market in France, which has been hard hit by the growth of online and organic grocery sales.

Leclerc, another main French supermarket chain, on Monday also announced a home delivery service in Paris, a move that its head Michel-Edouard Leclerc described as a response to the Monoprix-Amazon alliance.

French media reported widely on Monoprix's deal with Amazon.

Newspaper Le Figaro described the alliance as "historic", while Les Echos on Tuesday ran the headline: "With Monoprix, Casino surrenders to the sirens of Amazon."


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© 2018 AFP

Citation: Amazon delivers boost to French grocery giant Monoprix (2018, March 27) retrieved 20 November 2019 from https://phys.org/news/2018-03-amazon-boost-french-grocery-giant.html
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