44 Mins
Source:
الاقتصادية
Carrefour acquires Belgian Codifrance
French company Carrefour announced its acquisition of the Belgian food trading company "Coodefrance" for 152 million euros, with a preliminary agreement to complete the deal during the first half of 2027. This acquisition is part of its strategy to strengthen its presence in the retail market and expand its operations across European markets, especially amidst competitive challenges and changing consumer behaviors. Regarding its recent results, Carrefour's sales increased by 1.9% in the second quarter, supported by growth in France and Brazil, with the latter returning to growth after a previous decline, despite operating profits being below market expectations. The company aims to enhance its market share by lowering prices, expanding digital investments, and achieving cost savings by 2030.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)