Carrefour Announces Planned Acquisition of Rue du Commerce
August 24 2015 - 12:30PM
Business Wire
Regulatory News:
Carrefour (Paris:CA) announces that it has entered into
exclusive negotiations with Altarea Cogedim for the acquisition of
100% of the shares of Rue du Commerce.
With more than 5 million unique visitors per month, Rue du
Commerce is a major player in the non-food e-commerce market in
France and boasts a strong brand, significant traffic and an
extensive client base.
This acquisition would allow Carrefour to accelerate its
omni-channel strategy in France and strengthen its position in
non-food e-commerce by leveraging additional expertise.
The completion of the transaction is subject to the signature of
final agreements following consultations with Rue du Commerce’s
employee representative bodies and to the approval of the relevant
antitrust authorities.
About CarrefourCarrefour is the
leading retailer in Europe and the second-largest retailer in the
world, employing more than 380,000 people. With 11,900 stores in 35
countries, the group generated revenues of €100.5 billion under
banners in 2014.As a multi-local, multi-format, and omni-channel
retailer, Carrefour is a partner for daily life. Every day, it
welcomes more than 12.5 million customers around the world.A
partner of COP21, Carrefour is committed through its daily actions
to sustainable and responsible trade. The Group's Corporate Social
Responsibility approach is built on three pillars: fighting waste
in all its forms, protecting biodiversity and working alongside the
company's partners.
For more information: www.carrefour.com, @CarrefourGroup on Twitter
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CarrefourGroup Communications, Tel: +33 (0) 1 41 04 26
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