365 million euro for 97 supermarkets
La Française AM is to pay Carrefour 365 million euro for the 97
supermarkets, an amount that Carrefour will “use to finance and develop
property projects”, according to its headquarters in
Boulogne-Billancourt. The new owner is a real estate investor that was
formed in 2009 by the merger of UFG and La Française des Placements
Investissements.
39 Carrefours join cooperative competitor
Last weekend, 32 supermarkets and 7 hypermarkets of the Coop Atlantique
franchise organisation have defected from Carrefour to join the Super U
chain. The 3,000 employees had a busy weekend switching all the labels,
price tags, the neon logos outside (up to 4 metres high) and – of course
– all the Carrefour private label products with their Super U
equivalents.
Coop Atlantique had been a strategic partner of Carrefour since 1998,
but the relations between the two have become quite tense as a result of
a financial disagreement concerning tens of millions of euros in profit
margins.
