2024-07-02 12:59:42
The operation was announced last year. Carrefour announced the completion of the acquisition of 60 Cora hypermarkets and 115 Match supermarkets. The two brands have a total of about 22,000 employees and a 2.4% market share in the French food distribution market. The business has an enterprise value of €1.05 billion », specifying Carrefour.
The Cora hypermarkets will be incorporated under the Carrefour brand by the end of 2024.
The Match brand, which was born in the region in 1908 and whose headquarters are located in La Madeleine near Lille, will be retained. This is the most important acquisition of Promodès by Carrefour » In 1999, its CEO Alexandre Bompard said.
This business allows Carrefour to consolidate its second position, behind E.Leclerc, which holds nearly a quarter of the market, and to maintain its lead over Les Mousquetaires/Intermarché, which has meanwhile acquired stores from the debt-ridden Casino group. After the sale of 121 stores to Auchan, Les Mousquetaires and Carrefour at the end of April and 90 stores to Auchan and Les Mousquetaires at the end of May, Casino announced this Tuesday the sale of 66 stores. In the third wave, the Les Mousquetaires group took over 35 supermarkets and a Spar, while 28 supermarkets and two hypermarkets were incorporated into Auchan Retail France. The agreement covers a total of 287 stores under the Casino group, but the sale of 10 of them will be postponed, as the suspension conditions have not been lifted in time.
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