The Mauritian group IBL is officially in control of the Reunion brand Run Market since August 3. IBL now owns 51% of Make Distribution, the company that owns the four Chaudron stores, by Duparc, of Saint-André and Saint-Paul. The Mauritian conglomerate has therefore created an SAS under French law, IBL Run Invest, whose corporate purpose is the acquisition of shareholdings. Victor Bellier Participation (VBP), subsidiary of the Adrien-Bellier company, at the origin of the creation of the brand, remains present at 49%. Last June 30, the Competition Authority had given the green light to the takeover of Run Maket by IBL, considering that any risk of harm to competition had been eliminated in the markets for bottled water and other drinks, even if the Mauritian group also includes Edena and Phoenix within its scope. The day after, the leaders of IBL, of VBP and Run Market had issued a press release welcoming this decision and thanking “the Interministerial Committee for Industrial Restructuring (Ministry of Economy and Finance), which supported a major plan to clear public liabilities as well as all creditors through their strong commitment to this plan”. Make Distribution benefited from around 70 million euros in debt waivers, and the Intermarché export center has resumed supplying Reunion stores. The entry of IBL into the capital of Make Distribution is the last episode of a series that began in October 2022 and which had a virtual denouement on May 23, 2023 when the mixed commercial court of Saint-Denis approved the plan of conciliation proposed by the Mauritian group and its Reunionese partner.
