Carrefour Would Have 'More To Gain' In Hypothetical Merger With Casino, Says Barclays
Should Carrefour and Groupe Casino ever decide to merge, they would create a business that would lead the market in France and Brazil, while also benefiting from 'significant synergies', a new report from Barclays has found.
Barclays said that while talks between the two operates failed last year, a merger of the two French retail giants could be again on the table, given the challenges experienced by Rallye, Casino's largest shareholder.
In addition, Carrefour CEO Alexandre Bompard has suggested in recent interviews that "there will be consolidation in the retail sector in the coming years", re-igniting discussions over whether the group is planning to make a move for one of its major rivals.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!