Carrefour, VéGé, PAM Establish Purchasing Alliance In Italy
Italian grocery retailers Carrefour Italia, Gruppo VéGé and Gruppo PAM have established a purchasing alliance.
AICUBE, as the alliance is called, is an acronym of Associazione Imprese Internazionali Indipendenti and the three-year agreement will be valid exclusively in Italy, with each of the three founding partners holding an equal position.
The retailers that form AICUBE together boast a market share of 14.3% (according to Nielsen data for February 2018). It represents 5,179 stores across all Italian regions, and a combined turnover of €13.52 billion (2017 data).
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