Colruyt, CONAD, COOP Suisse and REWE enter new alliance

Colruyt, CONAD, COOP Suisse and REWE enter new alliance

Colruyt Group has founded a new strategic alliance, CORE, with its European colleagues Conad (Italy), Coop Suisse (Switzerland) and REWE Group (Germany). The move follows the collapse of the purchase alliance Coopernic in September 2013.

Successor to purchase alliance Coopernic

Purchase alliance Coopernic ceased to exist in September 2013 because of “irreconcilable differences in the approach” with E.Leclerc. The French company was therefore not included in the new alliance,  which - like its predecessor - will have its headquarters in Brussels. Alain Caparros, the CEO for REWE Group, was appointed as chairman, while Gianluigi Ferrari will become general manager.

 

“With CORE, the partners have formed an alliance that gives an answer to the growing challenges of competition in Europe and the increasing internationalisation of food retailing”, Caparros has said. “Through joint purchasing, we want to offer all of our customers even better prices. The close-knit and powerful CORE management also wishes to build strong international partnerships with the food industry, while it wants to offer its suppliers attractive growth prospects.”

 

The four mutually independent distributors, Colruyt Group, CONAD, COOP Suisse and REWE Group, had a joint 2013 turnover of 88 billion euro, which meant a 6.7 % European market share. The alliance has some 20,000 stores in 18 European countries.

Questions or comments? Please feel free to contact the editors


Arket Brussels opens: discover H&M's latest concept

14/09/2017

On Friday 15 September, H&M Group’s new store formula opens its doors on the Guldenvlieslaan in Brussels. The press got a sneak preview and discovered a surprising mixture of fashion, interior design and food. 

Nordstrom opens store without storage

13/09/2017

American fashion chain Nordstrom is to trial a new store formula in Los Angeles next month, in which customers will only be able to get advice and try out clothing. Purchases can be picked up at the store at a later date.

Primark benefits from weaker British economy

12/09/2017

Irish fashion chain Primark takes full advantage of the weak British economy, which prompted its parent company AB Foods to adjust its full-year forecast. The chain will also continue its expansion plans.

Participatiemaatschappij Vlaanderen invests in FNG

11/09/2017

Government investment fund Participatiemaatschappij Vlaanderen (PMV) will invest 15 million euro in fashion group FNG in return for 5 % of its shares. The money will go towards international expansion.

Gap Inc will focus on Old Navy and Athleta

08/09/2017

American fashion company Gap will alter its internal strategy and turn its attention to Old Navy and Athleta. Gap and Banana Republic, which both received the most attention up until now, will have to step aside.

Global Fashion Group cuts losses

08/09/2017

Global Fashion Group, the fashion group founded by investment group Kinnevik and Rocket Internet, managed to lower its losses even more in the second quarter. On top of that, turnover grew more than 25 %.

Back to top