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 …
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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 …
Global retail giant Carrefour has announced the acquisition of 172 convenience stores and supermarkets from the Spanish retail chain Supersol. The French retailer operates 1,179 stores across Spain, recording net sales of €8.8 billion ($10.5 billion) in 2019 while the total net revenue of Supersol was €450 million ($537 million) last year. The stores involved in the transaction are located mainly in Andalusia and the Madrid region, and have an …
Carrefour, the global retail giant, has announced Mobimart, said to be the first mobile “grocery bus” in Dubai, via its partnership with UAE-based conglomerate Majid Al Futtaim. Developed by the UAE-based startup Bespoke Trailers, Mobimart is designed to bring shopping to “underserved” communities, offering fresh food and daily groceries six days a week. The bus will visit various residential areas in Dubai with designated time stops, parking near to customers’ …
Carrefour, the global retail giant, has announced its first foray into central Asia with the opening of new stores in Uzbekistan via its partnership with UAE-based conglomerate Majid Al Futtaim. Carrefour said it was planning to open three supermarkets and one hypermarket in the Uzbek capital Tashkent in 2020, followed by another two supermarkets and one hypermarket in 2021. Commenting on the move, Patrick Lasfargues, Carrefour executive director for international partnerships, said: “We are delighted …
Suning.com, China’s third largest e-commerce platform, is planning to buy an 80% stake in Carrefour’s Chinese business for 4.8 billion CNY ($698 million), according to a report in Bloomberg. The deal values Carrefour’s China unit at 0.2 times its 2018 sales, compared to an industry average of 0.8, the news agency added. Carrefour is described as a foreign retail pioneer in China, having first entered the market in 1995. However its …
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