Hayot, Martinican chief in mass distribution who has develop into the identify of excessive price of residing abroad | EUROtoday

Is it now too massive, with its 5 billion euros in turnover and its 18,000 workers world wide? Too highly effective, with its round 300 subsidiaries? The main personal employer abroad, the Bernard Hayot Group (GBH) is weathering an unprecedented storm.

Having develop into the identify of the excessive price of residing, the Martinique chief in mass distribution is on the coronary heart of the opinion of the Competition Authority made public on Tuesday February 10. The Authority considers that “the level of margins practiced by wholesalers-importers and integrated mass distribution players active in Martinique” is hit “opacity”. In meals, the differential within the common basket of abroad shoppers in comparison with these in France continues to develop, reaching 37% in Reunion, 40% in Martinique, and 42% in Guadeloupe.

“The widespread perception of a lack of vigor in the fight against oligopolies and the continued increase in prices undermine confidence” residents in direction of the State, alerted two specialists in 2024, Pierre Egéa and Frédéric Monlouis-Félicité, of their report commissioned by the President of the Republic on the way forward for abroad territories.

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