29 February 2016
Carrefour: recent acquisition activity

As Carrefour announces the purchase of a number of stores in Spain, we look at other recent acquisition activity as the retailer drives its multi-format strategy.

Spain: purchasing stores from Eroski

Carrefour is to acquire 36 compact hypermarkets from the Eroski group, spanning 235,000 sq. m, as well as eight shopping malls and 22 petrol stations adjacent to the stores. This will extend Carrefour's presence to 27 new cities in Spain. Southern Europe is proving to be a bright spot for Carrefour; like-for-like sales were up 2.5% in Spain in the fourth quarter of 2015, with positive performances in food and non-food.

France: acquires stores from Auchan and Cora

Carrefour has filed a request with France's Antitrust Authority to acquire four Match supermarkets from Cora-Louis Delhaize, as the latter seeks to rationalise its store base. Carrefour and Cora entered into a buying alliance in 2015, covering operations in France, with both retailers looking to enhance their competitiveness. Carrefour is also to acquire two franchised Simply Market stores, from Auchan, in the Seine-et-Marne region.

Corsica: takes control of franchisee

It emerged in February that Carrefour has taken full control of its Corsican franchisee. This consists of four stores (one hypermarket and three supermarkets) which turned over around EUR118m in 2014.

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