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Latest Mila Capital News
Feb 9, 2023
February 09, 2023 6:28 AM Share this article A new French discount supermarket chain – Toujust – is set to open its first store in Alès, in the Gard region, mainly selling private-label products, according to media reports . Toujust is the brainchild of Fabrice Gerber, an experienced manager in the retail trade, formerly of E. Leclerc, Système U and Aldi. It will function as a cooperative, with four main shareholders: Gerdis (Fabrice Gerber's company), RT Logistique, Mila Capital and Val Invest. In addition, the suppliers will be shareholders and will share 25% of the profits. About Toujust Significantly, there will be no intermediaries between the distributor and producers, as well as no central purchasing office, which the retailer hopes will enable it to offer reduced prices and operate a lower cost base. It plans to set up shop on the outskirts of medium-sized towns in France , with population ranging between 10,000 and 12,000. Store Expansion Plans A dozen stores are set to follow in the first half of 2023, in Monéteau (Yonne), Cambrai (Nord), Lempdes (Puy-de-Dôme), Lens (Pas-de-Calais), Montauban (Tarn-et-Garonne), Terrasson (Dordogne), Saint-Quentin (Aisne), Saint-Maur (Indre) and Arbent-Oyonnax (Ain). The company plans to open approximately fifty stores by the end of the year, and 300 within five years. Each store will be spread across approximately 1,000 square metres and offer 7,500 SKUs, 80% of which will be food , including 45% in the fresh category. The company will mainly sell its own brands and rely on 100 small suppliers. It is advertising prices that are 5% to 10% lower than its direct competitors. Tags
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Where is Mila Capital's headquarters?
Mila Capital's headquarters is located at 9410 Owensmouth Ave, Los Angeles.
Who are Mila Capital's competitors?
Competitors of Mila Capital include Sequoia Capital and 4 more.
Compare Mila Capital to Competitors
Sequoia is a venture capital firm. It seeks to invest in companies operating in the information technology, healthcare, manufacturing, mobile, nanotechnology, financial service, internet, energy, media, and retail sectors. The company was founded in 1972 and is based in Menlo Park, California.
Discovery Ventures is a healthcare venture capital fund. The firm seeks to invest in the health tech, gene therapy, bionics, stem cells, nanotechnology, and biotechnology sectors. It was founded in 1998 and is based in Wilmington, Delaware.
Kleiner Perkins Caufield & Byers (KPCB) is a venture capital firm based in Menlo Park, CA that primarily focuses its global investments in practice areas including technology and life sciences.
Lightspeed Venture Partners operates as an early-stage venture capital firm. It focuses on accelerating disruptive innovations and trends in the enterprise and consumer sectors. It was founded in 2000 and is based in Menlo Park, California.
DBL Partners is a venture capital firm that invests in the cleantech, information technology, sustainable products and services, and healthcare sectors to deliver venture capital returns and enable social, environmental, and economic benefits. It was founded in 2002 and is based in San Francisco, California.
Slow Ventures is an early-stage focused venture capital firm. The firm invests in companies operating in commercial products, commercial services, consumer services, financial services, pharmaceuticals, and other sectors. It was founded in 2011 and is based in San Francisco, California.
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