The French company has sold its Chinese subsidiary SunArt to Alibaba for $3,6 billion after trying (in vain) for 20 years to conquer the Chinese market
With this acquisition, Conad becomes the leader in the Italian large-scale distribution market, undermining Coop - 1600 points of sale including hypermarkets, supermarkets and shops with the Auchan and Simply brands are once again Italian
The new layoffs in France of Carrefour after the Auchan crisis are the indicator of a profound upheaval in traditional distribution not only in France but throughout the world caused by the advance of e-commerce - The effects of Brexit will be…
On the contrary Group sales after tax rose by 2,1% to 26,5 billion euros thanks to good results in Eastern Europe and China, while France remained slightly down (-0,7% ).
The main large-scale retail groups are starting to ride the wave of a practice that has already been common in Europe for some time: relying on tour operators and travel agencies and providing their customers with holiday packages at competitive prices. Co-op the…