A PYMNTS Company

France: Amazon looking for physical stores

 |  October 3, 2017

Online giant Amazon is on the prowl for approximately 15 store locations in France, especially in Paris, in the next two years, according to the newspaper Le Monde.

The French publication also said that the US company has “approached French distributors to forge partnerships or make an acquisition in France.” The overall goal in mind for Amazon is “to get closer to a retailer to take advantage of its buying capacity that they do not have at the moment,” Le Monde said.

The newspaper said Amazon was in discussions with two independent food distribution companies in France.

“They have approached everyone but have no received any positive feedback,” said a distributor quoted by the paper.

According to the report, one of those approached was major French retail chain Monoprix, whose parent company is Groupe Casino. But it indicated that Casino said it “does not intend to sell Monoprix.”

Full Content: Reuters

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