French retailer Carrefour has struck a five-year purchasing alliance with peer Systeme-U, stealing a march over rivals in a deal that will make Carrefour the biggest buyer in its competitive home market.
The world’s second-largest retailer expects currency exchange rates along with restructuring and one-off charges to weigh on profitability this year, after posting lower operating profit for a second year running.
Casino has started exclusive talks over buying online shoe retailer Sarenza, as the French supermarket operator looks to strengthen its online presence in the face of competition from Amazon and other Internet firms.
The online flash sale platform has announced a strategic partnership with Carrefour, which has sealed the deal by buying the 17% stake acquired by Conforama – a subsidiary of the Steinhoff group – last summmer.
French supermarket chain Carrefour could be under pressure to do a deal with the likes of Amazon, after a deal between its French rival and a British online specialist threatened to leave it trailing behind online.
French retailer Auchan said on Monday it had not been approached by e-commerce giant Amazon about deals or partnerships in Europe, with speculation still rife that Amazon may be eyeing European transactions.