In a strategic move to solidify its market presence in Spain, retail giant Carrefour has inked a deal to acquire 47 SuperCor stores from El Corte Inglés. With an enterprise value of €60 million, this acquisition includes supermarkets and convenience stores primarily situated in high-profile regions such as Madrid, Catalonia, Andalucia, and Comunidad Valenciana. Stores […]
Grupo Carrefour Brasil, a subsidiary of French supermarket chain Carrefour, has agreed to acquire Grupo BIG Brasil, a Brazilian food retailer, from Advent International and Walmart, for R$7.0 billion (€1.1 billion). The consideration consists of 70% in cash and 30% in newly issued shares of Carrefour Brazil. Grupo BIG Brasil has a multi-format network, made […]
Carrefour acquisition of Quitoque : Carrefour, a French hypermarket chain says that it has acquired a majority stake in French meal kit delivery company Quitoque for an undisclosed price. Through the investment in Quitoque, is expected to grow its food e-commerce offering. Neither the percentage of the stake nor the equity investment has been disclosed […]