Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Carrefour France Launches ‘Purchasing Power Guarantee’ Scheme

By Branislav Pekic
Share this article
Carrefour France Launches ‘Purchasing Power Guarantee’ Scheme

Carrefour France has launched a new insurance scheme, dubbed the ‘Purchasing Power Guarantee’ – or Garantie Pouvoir d’Achat – which covers food expenses and provides financial assistance to customers during difficult times.

The insurance is available in two options, with monthly premiums ranging from €2.90 to €8.90, and it is aimed at customers facing accidental hospitalisation, disability, or job loss.

Compensation

Customers receive vouchers or cash compensation – depending on the option they choose – under the terms of the insurance, in the event of a personal setback.

Customers can receive grocery vouchers worth €75 per month in case of unemployment, and a one-time payment for severe disability.

The insurance is open to anyone between 18 and 80 years old, provided that s/he is a Carrefour customer and there are no medical formalities required to join. The contracts also include an ‘inflation booster’, which automatically increases the amount of compensation by up to 10% if inflation rises.

ADVERTISEMENT

The insurance, which has been launched in partnership with CNP Assurances, has been developed by the Carrefour Banque & Assurance and Lybernet subsidiaries. Online enrolment will be available from the first quarter of next year.

Store-Leasing In France

In November, Carrefour announced plans to lease 37 of its stores in France, including 16 hypermarkets, to third-party operators in the coming year, while retaining ownership. The changes pertain to 16 hypermarkets and 21 Carrefour Market stores – a pattern consistent with previous years’ leasing activities.

Under the leadership of Alexandre Bompard, Carrefour has either sold or leased out a total of 305 stores, comprising 80 hypermarkets, resulting in over 23,000 employees departing from the company.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.