Carrefour buys 53 North Italian supermarkets | RetailDetail

Carrefour buys 53 North Italian supermarkets

Carrefour buys 53 North Italian supermarkets

Carrefour is still focused on expansion, because the French company has now purchased 53 Italian Billa stores, which had belonged to Germany group Rewe up until now. It had previously bought Dia's French stores.

58,000 sqm

Carrefour will pay an undisclosed fee for the 53 Billa supermarkets, which are all located in northern Italy (Lombardy, Liguria and the Aosta Valley) and represent 58,000 sqm of store space and a 300 million euro turnover.

 

"This acquisition, consistent with Carrefour's multiformat strategy, will allow Carrefour to strengthen its presence in northern Italy", the Paris-based company said. The new stores are added to its current regional presence of 1,116 stores (57 Carrefour hypermarkets, 407 Market supermarkets, 633 Express convenience stores and 19 Cash & Carry locations). The difficult economic situation has impacted the turnover these stores managed last year: - 4.9 %.

 

Battle with Lidl for first place?

The Billa purchase is not Carrefour's first purchase over the past six months as it had already acquired 127 South European Kléppiere stores late last year in a deal worth 2 billion euro. Merely 10 days ago, Carrefour had also bought 800 French stores from discounter Dia for 600 million euro, buying back part of its former subsidiary.

 

Insiders believe these purchases are CEO Georges Plassat's attempt to fight off the rise of German discounter Lidl, reported to become Europe's largest supermarket chain by 2018. Georges Plassat seems intent on proving the report wrong.

Questions or comments? Please feel free to contact the editors


Are Chinese prisoners working for H&M and C&A?

20/02/2018

British former journalist Peter Humphrey has accused C&A and H&M of using forced labour. He claims to have seen how Shanghai prisoners were forced to work for Western chains, something the retailers will now investigate.

Chanel acquires stake in online retailer Farfetch

19/02/2018

French fashion label Chanel obtained a minority stake in British Farfetch. It wants to use the online retailer’s expertise to create more digital innovations for its own customers.

Monoprix wants to acquire web shop Sarenza

19/02/2018

Store chain Monoprix, part of French Groupe Casino, entered negotiations to acquire online shoe seller Sarenza, one of France’s prime online brands.

Zalando expands collaboration with German retailers

16/02/2018

Zalando has further expanded its collaboration with physical retailers in Germany. Shoe stores were already able to ship through Zalando and now clothes stores can too.

Kiabi opens largest Belgian store in Westland Shopping Center

15/02/2018

French clothing chain Kiabi will open its fifth Belgian store in the Westland Shopping Center in Anderlecht. This will become its largest Belgian store to date, spread across 1,800 sqm.

H&M warns for difficult 2018

15/02/2018

Swedish fashion group H&M warns that 2018 could be yet another difficult year for the company. It is working to improve online sales, but store turnover will most likely continue to drop.

Back to top