AMSTERDAM, September 19, 2016, 07:45 CEST – Cnova N.V. (NASDAQ and Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the “Company”) announces that Cdiscount’s competitive position in France should be strengthened by the creation of a centralized purchasing platform, Mano, by Groupe Casino and Groupe Conforama. Mano, designed to centralize purchases of leading international brands of household appliances as well as AV and IT equipment, should be operational in time for 2017 commercial negotiations.
Groupe Conforama and Cdiscount will continue to independently operate their respective websites so that each may maintain its own commercial policy.
