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


Richemont wants to gain full control over Yoox Net-a-Porter

22/01/2018

Swiss luxury group Richemont proposed to obtain a majority stake in online retailer Yoox Net-a-Porter. The move is a way to implement its online strategy faster.

Decent profit for The Sting in fiscal year 2016

22/01/2018

Fashion chain The Sting generated a profit once more in 2016, after it had to deal with a more than 5 million euro loss in the year before. Affiliate brand Costes also generated a profit in its fiscal year 2016.

Lower turnover and new CEO for Geox

19/01/2018

Italian shoe brand Geox’ turnover dropped slightly in the past fiscal year. It also replaced former CEO Gregorio Borgo with Matteo Mascazzini, who came from Italian fashion brand Gucci.

Slower growth for Primark

18/01/2018

Irish fashion chain Primark has seen its first quarter turnover grow 7 % at level exchange rates and 9 % taking the fluctuations into account. Analysts however had expected faster growth.

Zalando's profit is slightly below expectations

17/01/2018

German fashion web shop Zalando has grown nearly a quarter in the past fiscal year and its company profit also nearly grew 5 %, although the latter was slightly below its own expectations.

Record turnover for Yoox Net-a-Porter in 2017

16/01/2018

Online retailer Yoox Net-a-Porter (YNAP) achieved a record turnover in 2017, surpassing two billion euro. That is a growth of more than 10 % compared to the year before, when it just missed that milestone.

Back to top