France news 

25 January 2021
Leclerc’s president, Michel Edouard Leclerc, has discussed how the retailer’s online operations generated the sales it was forecast to in 2024 in 2020, following the impact of COVID-19 and shoppers’ changing buying behaviours. Drives enjoyed sales growth of 42% in 2020… Leclerc said the retailer’s Drives saw sales growth of 42% in 2020, which helped to offset the challenges faced by its lar...
25 January 2021
Les Mousquetaires announced full year 2020 results showing revenue, including fuel, rose 2.3% to €46.3 bn. Underlining how shoppers adapted their buying behaviour in response to COVID-19 and restrictions and lockdowns implemented as a result, Les Mousquetaires with proximity formats outperforming. Strong difference in performance by format Les Mousquetaires reported its food retailing busin...
22 January 2021
Turkish on-demand rapid delivery company Getir announced it has secured $128m for international expansion in a funding round. Valued at $850m The funding round, led by venture capitalist Michael Moritz’s Crankstart Investments and Brazilian Base Partners, valued Getir at around $850m. With this investment, Getir aims to expand internationally to offer its services initially in London, Sao P...
21 January 2021
Amongst all modern retail channels, the impact of COVID-19 from a global perspective, has varied the most in convenience. The channel, however, continues to offer a massive opportunity for retailers and suppliers globally, benefiting from longer term consumption trends such as smaller households and more consumers shopping locally. With this in mind, we have identified five themes that we expect ...
20 January 2021
Casino-owned Cdiscount has set out several strategic initiatives as it aims to support ‘ businesses to accelerate European ecommerce ’. Cdiscount launches ‘ complete marketplace solution ’… As it looks to embed profitable and international growth Cdiscount has said it is using its online expertise to launch a B2B business, which it says provides a ‘ complete marketplace solution ’ including...
20 January 2021
France-based Casino is sustaining its pace of innovation, both in-store and online. With COVID-19 changing shoppers’ behaviours the retailer has launched a new banner, #Home, and is evolving its online offer. Casino adds #Home to its range of banners… Continuing its trialling of new banners and concepts, local trade publication LSA has launched a new banner, #Home, with the opening of its f...
18 January 2021
Having entered in preliminary discussions around a potential transaction, these have now ended, with Carrefour and Couche-Tard switching their focus to explore opportunities for operational partnerships. Opposition to any deal The discussions had been initiated by Couche-Tard’s “friendly approach” to Carrefour with the objective of acquiring the France-based retailer. However, these d...
14 January 2021
As Metro continues its evolution as a company, we round up developments in Spain, France and Romania as it looks to strengthen its operations globally and in the specific countries. Metro to promote digital transformation with Wipro Metro and Wipro have announced a strategic digital and IT partnership ‘ to drive forward the transformation of the Group's IT and to concentrate more strongly i...
14 January 2021
Canada's Couche-Tard, which operates the Circle K chain of convenience stores globally, has submitted a non-binding offer letter to Carrefour for a "friendly combination" at a price of EURO 20 per share, in a US$20bn deal. The terms of the transaction are under discussion, but there can be no certainty at this stage that these discussions will result in any agreement or transaction. Retail’s d...
12 January 2021
France trade publication LSA has reported that Auchan Group has changed its management team to bring in new governance of the group with the appointment for each country of a president and vice-president. Management changes aimed at accelerating decentralisation process LSA, quoting a document, said the appointments are ‘ …a question of accelerating the move towards decentralisation by allo...