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Carrefour Announces Planned Takeover Of Rue du Commerce

Published on Aug 26 2015 10:08 AM in Supply Chain tagged: Trending Posts / Carrefour / France / Rue du Commerce

Carrefour Announces Planned Takeover Of Rue du Commerce

Carrefour has announced that it has entered negotiations with Altarea Cogedim, a real-estate investment firm, for the acquisition of Rue du Commerce.

Rue du Commerce is a major player in the non-food e-commerce market in France, and boasts more than five million unique visitors per month.

In a statement, Carrefour said that the investment would enable the retailer to "accelerate its omnichannel strategy in France and strengthen its position in non-food e-commerce by leveraging additional expertise."

The deal is still awaiting final approval from both parties, and will also be subject to competition-authority approval should it go through.

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© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.

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