Promodes
Encyclopedia
Promodès is a former French
group of retailers
. It was owned up to 56% by the Halley family. Paul-Auguste Halley, which was a simple grocer in the Mancha in the 1950s, had the idea of importing the concept of supermarkets in France.
With his two sons, Paul-Louis and Robert, he founded the group Promodis (future Promodès) in 1961 in Caen
(Calvados) by combining several Norman families of wholesalers: the Halley's, the Duval-Lemonnier and the Marette.
From the 1960s, the group grows rapidly in Europe and internationally in Belgium
in 1969, Spain
in 1973 and Brazil
in 1975.
.
After an exchange of shares, the Halley family became the largest shareholder in the new group with a 13 % stake of Group Carrefour.
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
group of retailers
Corporate group
A corporate group is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. The concept of a group is frequently used in tax law, accounting and company law to attribute the rights and duties of one member of the group to...
. It was owned up to 56% by the Halley family. Paul-Auguste Halley, which was a simple grocer in the Mancha in the 1950s, had the idea of importing the concept of supermarkets in France.
With his two sons, Paul-Louis and Robert, he founded the group Promodis (future Promodès) in 1961 in Caen
Caen
Caen is a commune in northwestern France. It is the prefecture of the Calvados department and the capital of the Basse-Normandie region. It is located inland from the English Channel....
(Calvados) by combining several Norman families of wholesalers: the Halley's, the Duval-Lemonnier and the Marette.
From the 1960s, the group grows rapidly in Europe and internationally in Belgium
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
in 1969, Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
in 1973 and Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
in 1975.
Merger with Carrefour
In 1999, Paul-Louis Halley announced the merger between the groups Promodes and Carrefour making the biggest retail group in Europe and the second in the world after Wal-MartWal-Mart
Wal-Mart Stores, Inc. , branded as Walmart since 2008 and Wal-Mart before then, is an American public multinational corporation that runs chains of large discount department stores and warehouse stores. The company is the world's 18th largest public corporation, according to the Forbes Global 2000...
.
After an exchange of shares, the Halley family became the largest shareholder in the new group with a 13 % stake of Group Carrefour.