Colruyt Group

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Colruyt Group
Type Public
Traded as EuronextCOLR
Industry Retail
Founded 1925
Founders Franz Colruyt
Headquarters Halle, Belgium
Key people Jef Colruyt (Executive chairman)
Services Supermarkets, toy and leisure retail, wholesale, cash and carry
Revenue €7.280 billion (2010/2011)[1]
Operating income €472.2 million (2010/2011)[1]
Profit €338.0 million (2010/2011)[1]
Total assets €3.017 billion (March 2011)[1]
Total equity €1.489 billion (March 2011)[1]
Employees 24,120 (March 2011)[1]
Website www.colruytgroup.com

Colruyt Group (usually known simply as Colruyt, before Etablissementen Franz Colruyt N.V. or Établissements Franz Colruyt S.A. in French) is a Belgian family owned retail corporation that is managing the Colruyt supermarket retail stores.

Founded in 1925 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 is headquartered in Halle and has operations in Belgium, France, Luxembourg and the Netherlands.

Operations[edit]

The group's main business is its Colruyt discount supermarket stores, with over 200 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 also operates the Coccinelle chain of supermarkets.

List of subsidiaries[edit]

  • Colruyt - supermarkets
  • Colruyt France - supermarkets
  • Sparretail - Spar grocery stores (franchising)
  • Bio Planet - Bio (organic) supermarkets
  • Colruyt Group Services (IT - work simplification - BPM - Marketing)
  • intrion - Project management company
  • Symeta (formerly Druco) - printing company
  • Dreamland - toy shops
  • DreamBaby
  • Dream - gift shops
  • Okay - grocery stores
  • Pro a Pro Distribution - distribution company
  • Collivery - home delivery
  • Collishop - home delivery [Non-Food]
  • Dats 24 - Gas station
  • Colruyt Export
  • N.V. Finco (FINances for COlruyt)

Milestones[edit]

  • 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 Gaia, the Belgian organisation for animal welfare.

References[edit]

  1. ^ a b c d e f g "Annual Report 2010/2011" (PDF). Colruyt. Archived from the original on 25 April 2012. Retrieved 15 November 2011. 
  2. ^ Blenkinsop, Philip (28 November 2008). "Colruyt H1 profit up, but margins shrink". Reuters. Retrieved 2008-12-14. 
  3. ^ "No more meat". Gaia. 22 August 2011. Retrieved 2011-08-22. 

External links[edit]