Carrefour has extended its presence in the proximity channel in Taiwan, with the acquisition of 224 former Dairy Farm outlets.
The tranche of stores includes 199 Wellcome stores, with an average sales area of 420 square metres, as well as 25 Jasons stores, with an average area of 820 square metres, along with a warehouse.
In a statement, Carrefour said that the acquired stores will 'benefit from Carrefour’s commercial policy and purchasing conditions, while Wellcome will bring its recognised expertise in fresh produce and contribute to the development of food e-commerce'.
Over the next 12 months, Carrefour intends to convert the Wellcome stores to the Carrefour Market banner, as well as convert the Jasons outlets to a Carrefour premium banner.
This transaction forms part of Carrefour’s targeted acquisitions policy, which it intends to continue over the coming years.
© 2021 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.