Carrefour ends interest in partnership with Auchan-Le Figaro

Texas News Today

FILE PHOTO: The logo of French retailer Carrefour on a shopping trolley in Sao Paulo, Brazil, July 18, 2017. Reuters / Paulo Whitaker / FILE PHOTO

October 9, 2021

PARIS (Reuters) – Carrefour has decided to end its interest in the prospect of a partnership with Auchan after two French retailers held exploratory talks in recent months, the daily Le Figaro said. I reported on Saturday.

According to Le Figaro, the decision was based on the recommendation of CEO Alexandre Bompard, who considered a potential deal with Ochan by Carrefour’s strategic commission to be too complicated.

Carrefour and Ochan were not immediately asked for comment.

Another French daily, Le Monde, reported in late September that Bompard was considering options for sector integration and that his group had met with Mouriers, who controls Ochan.

Carrefour said in June that it had begun considering the possibility of consolidating, selling or tying off foreign subsidiaries, but had decided not to sell its assets.

In January, Canada’s Alimentation Couch-Tard withdrew its €16.2 billion ($19.57 billion) bid on Carrefour after the French government opposed the deal because of food security concerns.

(Reporting by Gus Trompiz and Letitia Volga, edited by William MacLean)

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