French retailer Carrefour has just teamed up with UAE-based retail firm Apparel Group to open retail stores on the Indian market, according to a Business Standard report. Carrefour has formed the strategic franchise partnership in order to open hypermarkets, supermarkets and gourmet stores across India, with sizes ranging from 8,000 to 30,000 sq ft. Although a nationwide expansion is envisioned, the retailer will enter North India in a first stage, …
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Carrefour
Carrefour, the leading French supermarket chain, has announced it has entered into an agreement with Spanish peer El Corte Ingles to acquire 47 stores under the SuperCor banner. The stores involved in the transaction are located mainly in the Madrid, Catalonia, Andalucia and Comunidad Valenciana regions, and have an enterprise value of €60 million ($62.1 million). In a press release, the company said the acquisition would strengthen its geographical presence …
Global retail giant Carrefour has entered into an agreement to acquire the Cora and Match banners in France from Louis Delhaize. Cora and Match operate 60 hypermarkets and 115 supermarkets and have a workforce of around 24,000. Carrefour said the acquired stores would complement it geographically, especially in eastern and northern France, where it currently has limited presence. The transaction includes acquiring real estate for 55 hypermarkets and 77 supermarkets. …
Uber Eats, the food courier company, is partnering with retailer Coles to establish a grocery delivery service across Australia, according to a report in the Sydney Morning Herald. The new service, which has already launched with 40 stores in Melbourne, is set to cover 500 outlets nationwide, and will reportedly offer groceries delivered on the Uber Eats delivered within the hour. According to reports, couriers will be responsible for both picking …
Carrefour, the leading French supermarket chain, is planning to open up to 18 local stores under the Potager City banner by the end of the autumn, according to a report in LSA. An addition to the firm’s Carrefour Proximite portfolio of convenience stores, Potager City aims to cater to the essential food needs of city-dwellers with a range of high-quality fresh produce, and is in addition to to the range of fruit …
Global retail giant Carrefour has announced a partnership with Electra Consumer Products and its subsidiary Yenot Bitan as part of its expansion strategy. This partnership will allow the global retailer to open stores under the Carrefour banner in Israel before the end of 2022 and will allow the sale of Carrefour branded products in more than 150 Yenot Bitan stores before summertime. Zvika Schwimmer, the Electra Consumer Products CEO said, …
British retailer Tesco and French retailer Carrefour have announced that their purchasing alliance will not be extended. The global purchasing alliance was announced on July 2018, formed to cut down costs and secure better deals with major suppliers. Operational for three years, the alliance enabled the retailers to access new opportunities, suppliers, and new products. The retailers released a joint statement that said that “moving forward, both companies have agreed …
Global retail giant Carrefour International Partnership has announced that the company has signed an agreement to form a commercial partnership with Nordic Coops, focusing on private labels. According to Carrefour’s press release, the partnership will enable Nordic Coops to buy Carrefour’s food and non-food private labels, such as French, Italian, and Spanish food private labels, as well as the development of manufacturing synergies. Patrick Lasfargues, Carrefour’s executive director for international …
Global retail giant Carrefour has reached an agreement with Advent International to acquire the third-largest retailer in Brazil Grupo BIG, for about $1.3 billion. The deal reinforces Carrefour’s presence in Brazil, making it almost as big as its European operations outside of France. The acquisition, which is subject to Brazil antitrust approval, will be realised 70% in cash and 30% through new Carrefour Brazil shares. The move is said to …
Brazilian retailers Grupo Super Nosso and Carrefour have opened their first joint store, which is located in Belo Horizonte, Minas Gerais, Brazil. According to Newtrade, the new outlet is the first to open as part of an agreement reached between the two chains in 2019. Under the partnership, a total of 16 former Carrefour Bairro stores are planned to open under the Super Nosso banner. Euler Fuad Nejm, CEO of Grupo …
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