Piccadilly and Carrefour merge in Bulgaria | RetailDetail

Piccadilly and Carrefour merge in Bulgaria

Piccadilly and Carrefour merge in Bulgaria

Supermarket chains Piccadilly and Carrefour are to merge in Bulgaria, resulting in a chain with 75 stores and more than 3,000 employees.

Joint venture

AP Mart currently owns Piccadilly, while KMB Bulgaria exploits Carrefour Bulgaria. The new joint venture will see its capital increased by another 46 million Bulgarian lev (23.5 million euro) over the next 2 years, even though the Bulgarian anti-trust authority still has to approve the merger.

 

Belgian chain Delhaize had bought Piccadilly in 2011 as part of the Delta Maxi company in the Balkans, worth 900 million euro in total. It had hoped to gain a foothold in the pPeninsula, but since then it has sold off large parts of its local operations.

Questions or comments? Please feel free to contact the editors


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.

Gucci is main stimulus for Kering's profit

13/02/2018

French luxury group Kering proved to be very successful in 2017: its turnover grew 25 % and its net profit more than doubled compared to the year before.

Back to top