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France: Fnac Darty, Carrefour form alliance

 |  November 26, 2019

Carrefour stated on Tuesday, November 26, it was in advanced talks with consumer electronics group Fnac Darty to set up around 30 Darty standalone stores within its French hypermarkets under exclusive operating agreements. 

According to Reuters, Carrefour, Europe’s largest retailer, is in the midst of a five-year overhaul plan, which entails using its hypermarket space more effectively in order to boost sales. 

Carrefour hired Chief Executive Alexandre Bompard in July 2017 from Fnac Darty, France’s largest electronics retailer, and made reviving flagging sales at large hypermarkets a priority. Hypermarkets contribute 51% of Carrefour sales in France. 

The two groups had opened two pilot Darty stores in November 2018 in Carrefour hypermarkets in Ville-du-Bois, near Paris, and in Limoges, in central France. 

They are finalizing operating procedures for the roll-out of 30 stores in 2020 and 2021. The plan must, however, be cleared by antitrust authorities, the statement said.

Full Content: Reuters

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