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Retail

Conad CEO On Auchan Deal: 'We Need Italy To Believe In Us'

The chief executive of Italian cooperative retailer Conad, Francesco Pugliese, has praised the group's acquisition of the Auchan Retail Italia business, saying that the fact that Italy is "buying back a piece of itself is great news".

Via Twitter, Pugliese explained that the Auchan acquisition is a "complicated operation" that will require public support to be successful.

"We have a project in place but we need the help of the country: partners, suppliers, customers," he added. "We believe in Italy, we need Italy to believe in us."

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