Carrefour, the French multinational retail group, has announced its entry into the Ethiopian market through a franchise and supply agreement with Queens Supermarket. Under the terms of the deal with Queens Supermarket, a subsidiary of the Ethiopian conglomerate Midroc Investment Group, 13 existing outlets will be rebranded under the Carrefour Market banner during the first half of 2026. The partners also intend to open a further 17 new stores by …
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Carrefour, the leading French supermarket chain, has announced the acquisition of the Super A supermarket chain, which operates 16 stores in the western Argentinian province of Mendoza, for an undisclosed amount. As part of the deal, all Super A locations will be rebranded as Carrefour Express and will begin operating under the new banner this month. Carrefour said the acquisition strengthened its position as the largest supermarket chain in Argentina, with …
NewPrinces Group, a multinational in the food industry, has announces that it has signed a binding agreement to acquire Carrefour’s Italian supermarkets for €1 billion ($1.17 billion). Following its acquisition of Carrefour Italia, NewPrinces Group will become the second-largest Italian food and beverage group by revenue and the largest employer in the sector, with 13,000 direct staff in Italy and over 18,000 globally, as well as an additional 11,000 individuals …
Carrefour, the leading European supermarket giant, is strengthening its presence in Spain with plans to open 100 new stores in 2025, according to a report in European Supermarket Magazine. The move is described as being part of a wider expansion strategy, backed by a €150 million ($174 million) investment, that has seen Carrefour launch 691 stores in Spain since 2019, bringing its total network in the country to over …
French retailer Carrefour has announced the opening of 45 stores in Paris metro stations under the new banner Carrefour Proximite. According to sources, the Carrefour Proximite stores will range in size from 50 to 250 sq m and be opened as part of the Grand Paris Express metro expansion project. The new concept is said to offer a range of services and products targeted at both commuters and local residents, including food, …
SNCF Gares & Connexions, the French train station operator, has selected retail giant Carrefour and travel retail group Lagardere to open 150 food stores over the next five years, following a competitive tender process. The initiative falls under SNCF Gares & Connexions’ “Place de la Gare” programme, which aims to integrate community-focused services into urban centres. The retailers plan to open 30 stores per year, including both retail outlets under …
Carrefour, the leading French supermarket chain, has ended operations in the Middle East state Oman after three decades operating in the country. The closure affects 13 hypermarkets and two supermarkets which now operate under the Hypermax name. “Effective from January 7, 2025, Carrefour operations will be discontinued in the Sultanate of Oman”, the company said in a statement. “On behalf of the Management and Staff, we express our sincerest gratitude for …
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, …
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. …
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