PARIS — Monoprix has tapped an executive from appliance and electronics retailing to become its new chairman.
Régis Schultz, who has been chief executive officer of Darty Group and chairman of Darty France since 2013, is to take the management helm of Monoprix effective Monday. He also becomes a member of the executive committee of Monprix parent Casino Group.
Schultz succeeds Stéphane Maquaire, who left Monoprix last February to join ailing French retail group Vivarte, whose fashion and footwear banners include Caroll, Naf Naf, Kookaï, Chevignon, André, Minelli and La Halle.
Schultz has had a varied career in finance and retail, helming French furniture and electronics chain But prior to Darty.
He began his career at spirits group Pernod Ricard. He has also held senior finance and operational roles at furniture and home improvement retailers Kingfisher, Castorama and B&Q.
While primarily a grocer, Monoprix also sells apparel for men, women and children; beauty products, and housewares. Fashion represents about 12 percent of the business.
It operates almost 700 stores in 250 French cities, with six units dedicated to cosmetics and personal-care products.
Its supermarkets carry as many as 30,000 stockkeeping units, including private-label Monoprix clothes for adults and the Bout’Chou brand for infants. The retailer occasionally does collaborations with premium brands and designers such as Manish Arora, Orla Kiely and Antik Batik.
This fall, Monoprix has lined up collaborations with Faguo, Valentine Gauthier, Love Stories and Patch NYC.
Monoprix posted 2015 revenues of about 5 billion euros, or $5.55 billion at average exchange.