2023-07-12 20:51:00
Big blow for Carrefour which buys Cora and Match. – Credit:Patrick Lefevre / MAXPPP / BELPRESS/MAXPPP
Carrefour was part potential buyers of the Casino brandbut it is finally two other food distribution players who will join the group. The French number 2 has announced that it has reached an agreement with Cora and Match. Sixty hypermarkets for the first, 115 supermarkets for the second with more than 24,000 employees in total.
“With the takeover of the Cora and Match brands, Carrefour announces its first major acquisition in France for more than twenty years and consolidates its leadership in food distribution in its domestic market,” said Carrefour CEO Alexandre Bompard, quoted in a report. communicated.
The transaction “values the assets acquired on the basis of an enterprise value of 1.05 billion euros”, specifies Carrefour, according to which the two brands achieved a little more than 5.2 billion euros in turnover. of business (excluding tax) in France in 2022, itself having achieved 42 billion euros in sales in the country. This last data is communicated taxes included.
Greater importance in France
By adding the market shares of the Carrefour group (19.9% at the last score at the end of June) and Louis Delhaize (2.4%), according to data from Kantar Worldpanel published by the specialized media LSA, the distributor would be very close to the sector leader, the group of independent E.Leclerc, which weighs 23.5% of the market.
This data is essential in the balance of power with suppliers of […] Read more
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