Home » Esselunga: the ad Kahale comes out, the operational guide of the group at Marina Caprotti

Esselunga: the ad Kahale comes out, the operational guide of the group at Marina Caprotti

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Marina Caprotti takes over the operational leadership of the Esselunga group, according to a note released in the morning which refers to the “consensual termination of the three-year collaboration relationship between the company and the engineer Sami Kahale”. Therefore, Marina Caprotti, “former president since June 2020 with the same powers as the ad Kahale, will have the operational leadership of the group”. The youngest of Bernardo Caprotti’s children “thanks Kahale for the work done”, concludes the statement.

The 2020 corporate reorganization

Only at the beginning of last year was the corporate reorganization completed which saw Giuliana Albera, Bernardo’s second wife, and Marina 100% owners of Esselunga, after the purchase of the minority share (30%) from the brothers Giuseppe and Violetta Caprotti. The company, despite the pandemic, continued to grind good results also in 2020. The balance sheet saw a 2020 turnover of 8.4 billion euros, while the gross operating margin was 718.2 million (8.6% of turnover) compared to 716.9 million (8.8%) in 2019.

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Amazon in the lead among the possible suitors

However, the debt exposure increased to 1.8 billion, as a result of the lines contracted by the Superit Finco vehicle (later subject to a reverse merger to shorten the chain of control) to take over 30% of Supermarkets Italiani. About Esselunga there are numerous rumors of acquisitions, in most cases “stars and stripes”. At the top of the list of suitors there would be Amazon, followed by Walmart but also by private equity funds CVC and Blackstone, as well as some sovereign funds like that of Qatar.

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