External growth: Carrefour acquires Cora-Match

Featured image of the article External growth: Carrefour acquires Cora-Match
Publication

17 July 2023 à 11h26

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2 minutes

Publication: 17 July 2023 à 11h26

Reading time: 2 minutes

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On 12th July 2023, Carrefour announced the acquisition of the Cora and Match banners, subsidiaries of the Louis Delhaize group. Carrefour could now reach a market share of 22.3% and compete with E.Leclerc, the French market leader.
Publication

17 July 2023 à 11h26

Reading time

2 minutes

Publication: 17 July 2023 à 11h26

Reading time: 2 minutes

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The wave of mergers continues in the food retail sector. On 12th July, Carrefour (sales 2022: €42 billion, up by 8.5% vs 2021) announced the purchase of the Cora and Match brands, part of the Louis Delhaize group. The transaction, which values the company at €1.05 billion, is expected to be completed by the summer of 2024. Carrefour will acquire sites of 55 hypermarkets and 77 supermarkets. In 2022, Cora and Match accounted for €4.3 billion in sales excluding petrol, via 175 units (60...

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