MASSY, France – (BUSINESS WIRE) – Regulatory News:
The Paris Commercial Court has decided to select the Carrefour Group (Paris: CA) offer to acquire the Bio c ‘Bon banner. This strategic acquisition reinforces the Group’s commitment to become a leader in organic food and transforming food for all.
The Court also affirmed Carrefour’s social project, including its commitment to keep Bio c’Bon employed more than 1,000 employees, almost all of the current workforce.
This acquisition will allow Carrefour to accelerate the development of its presence in the specialized distribution of organic products in urban centers, a growing sector, with a concept that greatly complements the group’s existing banners. The price paid is 60 million euros.
Bio c ‘Bon has built up a very attractive specialized sales network that combines a contemporary business concept with an offer that is tailored to urban centers in prime locations.
The Bio c ‘Bon network is thus strengthening the organic specialty stores division following the acquisition of So.bio (acquired in April 2019, previously 23 branches) and BioAzur (acquired in October 2020, previously 5 branches).
This strengthening of the organic shops goes hand in hand with the expansion of the digital organic range through the acquisitions of Greenweez (2016), Planeta Huerto in Spain (October 2018) and Sorgente Natura in Italy (October 2019).
This transaction was subject to an exception to the suspensive effect of the concentration control and will be examined by the competition authorities in the coming weeks.
This transaction illustrates the Carrefour Group’s policy of targeted acquisitions, an engine for growth and value creation, following the recent acquisitions of 30 Makro stores in Brazil, Wellcome in Taiwan and Supersol in Spain.
About the Carrefour Group
With a multi-format network of around 12,300 branches in more than 30 countries, the Carrefour Group is one of the world’s leading food retailers. Carrefour achieved gross sales of 80.7 billion euros in 2019. The company employs more than 320,000 people who help make Carrefour the world leader in converting food for everyone, providing everyone in all locations with access to quality, affordable food every day.
For more information, please visit www.carrefour.com or on Twitter (@GroupeCarrefour) and LinkedIn (Carrefour).