Carrefour Announces Acquisition Of Cora And Match Banners In France
ESM - European Supermarket Magazine
The industry magazine for C-suite executives and procurement managers working in the European grocery retail sector.
Carrefour?has announced that it?has entered into agreement?with the Louis Delhaize group to acquire the?Cora?and?Match?banners in France. The transaction, which is expected to close in the summer of 2024, values the acquired assets at an enterprise value of €1.05 billion, Carrefour said in a statement. As part of the deal, Carrefour will acquire the real estate of 55 hypermarkets and 77 supermarkets operating under the Cora and Match banners. Cora and Match together generated net sales of €5.2 billion in 2022 (€4.3 billion excluding petrol), and EBITDA of €189 million.?Read more about Carrefour's new acquisition →
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British?upmarket supermarket group Waitrose has teamed up with?rapid delivery firm?Uber Eats ?to provide its groceries to shoppers' homes in as little as 20 minutes, the companies have announced. Waitrose,?part of the employee-owned John Lewis Partnership, said the?'multi-year' partnership?has launched on the Uber Eats platform in five London stores, and will roll out to over 200 stores by the end of August. Online's share of the total grocery market in Britain was about 7% before COVID-19. It peaked at about 15% during the pandemic but has since come off to 10.4%, according to market researcher NIQ.
Delhaize Belgium has?announced?a new strategic partnership with RangeMe, a platform that enables businesses to discover products and form commercial partnerships . The?technology?used by RangeMe enables suppliers and buyers to reach distributors faster, giving entrepreneurs better opportunities to offer their products to retailers, the retailer said. Delhaize Belgium?plans to use this platform to expand and further diversify its range, with a focus on both?Belgian?and plant-based products. The company added that interested entrepreneurs and producers can now register their products on the?RangeMe?platform on the Delhaize website.
Recommended Read:?Private Label Accounts For Nearly 22% Of Global Grocery Spend: Kantar
Dutch retailer Albert Heijn has?announced?that the sales of tobacco and related products in its stores will cease as of 1 January 2024. The move aligns with the Dutch government's announcement that it is preparing a legislation to end?tobacco?sales at?supermarkets?as of 1 July 2024. Since 1 July 2023, the Ahold-Delhaize-owned retail chain stopped the sales of these products online. Albert Heijn?added that it supports the movement towards creating a 'smoke-free generation' and believes its efforts will contribute towards achieving lasting behavioural change.
British online supermarket and technology group Ocado said its first robotic warehouse in Asia , built for Japanese partner Aeon, has gone live. The warehouse, or?customer fulfilment centre?(CFC) as?Ocado?calls them, has begun taking orders from customers across the Kanto region for Aeon's 'Green Beans' brand. It will offer around 50,000 SKUs as well as Smart Cart function and one-hour delivery slots to customers, the company said in a?statement.
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