Carrefour looking for Brazilian capital

French newspaper Journal du dimanche states that Carrefour has started negotiations with Brazil’s biggest supermarket chain CBD about a possible merger of CBD and Carrefour's Brazilian activities. The French chain would have asked Bank Lazard to explore this possibility.

 

Biggest Brazilian food retailer

Carrefour has been looking for new capital for some time and has earlier been trying to introduce its real estate branch and a discounter brand to the stock markets. Its new target, the "Companhia Brasileira de Distribuição", is the biggest Brazilian food retailer with 1800 stores and 140,000 employees. The Diniz family (famous for its Formula One driver Pedro and one of the richest in Brazil) would join Carrefour's capital. 

 

French obstacle

The main obstacle in joining the 30 billion dollar group and the "disappointing" activities of the French chain lies in another part of France: Carrefour's rival Casino holds 35% of CBD's shares, about as much as the Diniz family does. Neither of the European chains wanted to comment the possible merger. 

 

Papin dropped out of French director position

It looks like Lars Olofsson, general director at Carrefour, has to take charge of Carrefour's French activities somewhat longer, as the main candidate for his succession has dropped out. Serge Papin, strong favourites with analysts, would stay on as CEO of Carrefour's competitor Système U - that has just taken over 46 Carrefour franchisers. 

French newspaper Journal du dimanche states that Carrefour has started negotiations with Brazil’s biggest supermarket chain CBD about a possible merger of CBD and Carrefour's Brazilian activities. The French chain would have asked Bank Lazard to explore this possibility.

 

Biggest Brazilian food retailer

Carrefour has been looking for new capital for some time and has earlier been trying to introduce its real estate branch and a discounter brand to the stock markets. Its new target, the "Companhia Brasileira de Distribuição", is the biggest Brazilian food retailer with 1800 stores and 140,000 employees. The Diniz family (famous for its Formula One driver Pedro and one of the richest in Brazil) would join Carrefour's capital. 

 

French obstacle

The main obstacle in joining the 30 billion dollar group and the "disappointing" activities of the French chain lies in another part of France: Carrefour's rival Casino holds 35% of CBD's shares, about as much as the Diniz family does. Neither of the European chains wanted to comment the possible merger. 

 

Papin dropped out of French director position

It looks like Lars Olofsson, general director at Carrefour, has to take charge of Carrefour's French activities somewhat longer, as the main candidate for his succession has dropped out. Serge Papin, strong favourites with analysts, would stay on as CEO of Carrefour's competitor Système U - that has just taken over 46 Carrefour franchisers. 

Questions or comments? Please feel free to contact the editors


Zalando turns attention to B2B

20/06/2017

Fashion web shop Zalando seeks further growth and will therefore target the B2B market. Zalando’s platform will be used to support other companies’ brands grow.

FNG Groep attracts 25 million euro with new bonds

20/06/2017

Belgian-Dutch FNG Groep has attracted another 25 million euro thanks to new bonds. The money should help finance its recent acquisitions.

Walmart acquires clothing chain Bonobos

19/06/2017

American department store chain Walmart acquired clothing chain Bonobos for 310 million dollars (280 million euro). It now has full control over more than thirty stores and a web shop.

Trimmed down Nike wants to tap into market trends faster

16/06/2017

Nike wants to trim down, saying goodbye to 2 % of its staff. It has 70,700 employees worldwide, which means about 1,400 jobs will be cut.

Turnover and profit increase for Inditex

16/06/2017

Spanish fashion group Inditex experienced a strong first quarter, with a 14 % turnover increase to 5.569 billion euro and an 18 % profit increase to 654 million euro.

Ice-Watch is looking for a partner

14/06/2017

Belgian watch company Ice-Watch is for sale, although owner Jean-Pierre Lutgen is currently looking for a minority shareholder, preferably someone from the industry.

Back to top