French retailer Carrefour has had a solid first quarter, where especially the strong performance in the home market is a boost. In Belgium, the retailer gained market share again, the south of Europe remained somewhat below expectations.
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Colruyt will sell its Parisian stores to competitor Carrefour. In the northeast of the country, the Belgian group will continue to invest in growth.
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In Paris, customers of Carrefour can now also have their groceries delivered to their home within half an hour by Deliveroo riders. In Belgium, the collaboration expands to Antwerp and Ghent.
After German Edeka, French retailer Intermarché also wants to leave the AgeCore alliance. In the background is a redrawing of the landscape of French purchasing alliances: "Everyone talks to everyone".
Carrefour has reached an agreement with Advent International and Walmart to acquire Grupo BIG, the third largest food retailer in Brazil. The retailer sees considerable potential for synergy and growth.
The Belgian meal box market has tripled in 2020, a growth that is projected to continue. Which (old or new) players will seize power in this growing segment?
Carrefour has finally completed the acquisition of Supersol in Spain. For 78 million euro, the French chain acquires 172 convenience stores and supermarkets, mainly located in Andalusia and the Madrid region.
In the significant fourth quarter of 2020, market leader Colruyt once again lost ground. The winners are Delhaize, Carrefour and Lidl. A consequence of the current Covid pandemic, or is there more to it?
After the commotion surrounding the takeover bid by Canadian group Couche-Tard, Carrefour chief Alexandre Bompard wants to turn the page. "We are back on the offensive," he states. "But I don't see any big opportunities in France right now."
With a comparable turnover growth of 7.8% last year, Carrefour says it realised its best performance since at least twenty years. In Europe, Belgium and Spain are among the best performers. Higher costs, however, put pressure on net profits.
In cooperation with Denuo, the Belgian federation of the waste and recycling industry, Carrefour launches the platform 'Mission Zero Waste', a participatory consultation to combat waste.
If a European player - as opposed to, for example, Canada's Couche-Tard - were to present itself as a prospective buyer of French supermarket group Carrefour, France would probably be inclined to accept the deal. That is what Secretary of State for European Affairs Clément Beaune has stated.
Carrefour is considering to take over Prosol, owner of the French fresh food chain Grand Frais. However, the target is no small beer: the takeover could well cost between 3 and 4 billion euros.
Takeover talks between Carrefour and Couche-Tard have been halted. However, both companies are looking at how they can work more closely together in the future.
This year, food retailers are bringing the out-of-home experience into homes, making e-commerce profitable, and helping customers to be healthier. At least that is what research firm IGD predicts for 2021.
What does Alimentation Couche-Tard want to achieve with a possible takeover of Carrefour? Can a petrol shop specialist save the hypermarket? One thing is clear: the French retail group is for sale...