Carrefour Expands Abroad

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Carrefour is starting the integration of the 172 stores that it acquired from Supersol in Spain, now that it has the approval of the Competition authorities. The stores are mainly located in Andalusia and Madrid and they will be converted to Carrefour’s Express, Market and Supeco banners this year.

With the acquisition, Carrefour accelerates its growth strategy in Spain and at the same time diversifies its store network with a stronger presence in the proximity channel.

Across the Atlantic, Carrefour has bought Grupo Big Brasil, the third largest food retailer in Brazil. The agreement comprises 387 stores and the retailer is valued at approximately 1.1 billion euros. The deal strengthens Carrefour’s leadership in Brazil. The two retailers have strong geographic complementarity. Carrefour can, thus, extend its presence in regions where it has limited penetration. The retailer plans to convert Grupo Big’s stores to its Atacadão, Sam’s Club and Carrefour hypermarket banners.

The two groups have combined sales of around 153 million euros, operate 876 stores and employ around 137,000 people.