DIA sells 1,015 Clarel stores and three distribution centers for €60 million

By: MRT Desk

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DIA sells 1,015 Clarel stores and three distribution centers for €60 million

The supermarket company DIA has divested 1,015 stores of its beauty products brand Clarel and three distribution centers, a business that has acquired the company C2 Private Capital S.L. in an operation with total funds of 60 million euros.

This has been detailed in a statement sent this Friday to the National Securities Market Commission (CNMV) that specifies that the price that DIA Retail will receive may vary depending on certain parameters and is estimated at around 50 million euros net of debt (10 million), “which would result in total funds of 60 million euros”.

The company will receive this amount at different times depending on what is established in the contract.

The company’s objective is to allocate these resources to accelerate its strategic plan by completing the process of remodeling the proximity stores of its current network.

It also plans to use these funds to promote new openings with the same format.

DIA expects a negative accounting impact of €22.5 million on its consolidated income statement at the close of December 31, 2022 from the sale of Clarel.

The DIA supermarket chain has closed 2022 with 60% of its proximity stores renovated and more than 2,700 new own-brand references in the world, the company reported on Thursday.

Its neighborhood store concept is operational in more than 2,200 establishments and in 2023 it will be extended to its entire network in Spain and Argentina.

According to its data, it has increased its sales by 12.6% globally in the first nine months of 2022 in a “particularly complex” context.

In its balance of the year, it added that it has expanded the coverage of its digital channel and has launched new services such as “express” orders in Argentina or sales through the WhatsApp application in Brazil.

In Spain, DIA’s e-commerce reaches more than 34 million people (80% of the population), having expanded its coverage on the coast and delivery service in less than an hour.

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