Italian food and beverage multinational NewPrinces, led by chairman Angelo Mastrolia (pictured), has agreed to acquire Carrefour Italia from France’s Carrefour Group in a transaction valued at €1 billion. The deal includes 1,027 stores across the country and marks NewPrinces’ formal entry into Italy’s large-scale retail distribution market.
The transaction covers Carrefour Italia’s full perimeter, including its subsidiaries Carrefour Property, Gs Spa, and Carrefour Finance. The enterprise value is split between €400 million in real estate and €600 million for the operating business. Carrefour Italia currently generates €4 billion in revenue and €115 million in EBITDA, but has posted continued losses, prompting Carrefour’s decision to exit the Italian market.
The deal, expected to close by Q3 2025, includes a combined €437.5 million investment plan. Carrefour will reinvest €237.5 million to support continuity and relaunch efforts, while NewPrinces has committed €200 million at closing for brand renewal, logistics innovation, and network development.
Mastrolia described the acquisition as a “decisive step” toward vertical integration, reinforcing the group’s ability to deliver value across the supply chain and build a long-term, sustainable retail model.
This is the latest in a string of acquisitions for the once-named Newlat Food group, which rebranded as NewPrinces in April 2025 following the purchase of UK-based Princes from Mitsubishi. Other recent deals include Diageo Operations Italy and the Plasmon baby food brand from Kraft Heinz, adding to a portfolio that already includes legacy Italian food brands like Buitoni, Delverde, and Centrale del Latte d’Italia.
NewPrinces reported FY2024 revenues of €2.78 billion and a net profit of €142.3 million, with strong first-quarter 2025 results showing a 62.5% rise in EBITDA and a return to net profit.
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