Carrefour Acquires The Bio c’ Bon Banner and Strengthens Its Position as Leader in Organic Products in France
November 02 2020 - 11:11AM
Business Wire
Regulatory News:
The Paris Commercial Court has decided to select the Carrefour
Group's (Paris:CA) offer for the acquisition of the Bio c’ Bon
banner. This strategic acquisition reinforces the group's ambition
to become the leader in organic food and the food transition for
all.
The Court also validated Carrefour’s social project, including
its commitment to preserve the employment of more than 1,000 Bio c’
Bon employees, almost the entirety of the current workforce.
This acquisition will enable Carrefour to accelerate the
development of its presence in the specialized distribution of
organic products in urban centers, a growing sector, with a concept
that is very complementary to the Group's existing banners. The
price paid is 60 million euros.
Bio c' Bon has developed a very attractive specialized
distribution network, combining a contemporary store concept and an
offer adapted to urban centers in prime locations.
The Bio c’ Bon network thus strengthens the specialized organic
store division after the acquisition of So.bio (acquired in April
2019, 23 stores to date) and BioAzur (acquired in October 2020, 5
stores to date).
This strengthening in the organic stores comes in parallel with
expansion in digital organic offering, with the acquisitions of
Greenweez (2016), Planeta Huerto in Spain (October 2018) and
Sorgente Natura in Italy (October 2019).
This transaction was subject to an exemption from the suspensive
effect of control on concentrations and will be subject to review
by the Competition Authority in the coming weeks.
This transaction illustrates Carrefour Group’s policy of
targeted acquisitions, an engine of growth and value creation,
following the recent acquisitions of 30 Makro stores in Brazil,
Wellcome in Taiwan and Supersol in Spain.
About Carrefour Group With a multi-format network of some
12,300 stores in more than 30 countries, the Carrefour Group is one
of the world's leading food retailers. Carrefour recorded gross
sales of €80.7 billion in 2019. It has more than 320,000 employees
who help to make Carrefour the world leader in the food transition
for everyone, providing everybody with access to high-quality,
affordable food every day, in all locations. For more information,
visit www.carrefour.com, or find us on Twitter (@GroupeCarrefour)
and LinkedIn (Carrefour).
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