Carrefour Completes the Acquisition of 224 Proximity Stores in Taiwan

MASSY, France--(BUSINESS WIRE)-- Regulatory News:

Carrefour (Paris: CA) today announces the closing of the acquisition from Dairy Farm of 224 proximity stores in Taiwan (199 Wellcome stores - average sales area of 420 sq. m - and 25 Jasons stores- average sales area of 820 sq. m) as well as a warehouse.

The acquired stores will henceforth benefit from Carrefour’s commercial policy and purchasing conditions, while Wellcome will bring its recognized expertise in fresh produce and contribute to the development of food e-commerce.

Carrefour plans to convert the Wellcome stores to the Market banner within the next 12 months, and then convert Jasons stores to a Carrefour premium banner.

This transaction is part of Carrefour’s targeted acquisitions policy, which it intends to continue.

About Carrefour Group

With a multi-format network of some 12,300 stores in more than 30 countries, the Carrefour Group is one of the world's leading food retailers. Carrefour recorded gross sales of €80.7 billion in 2019. It has more than 320,000 employees who help to make Carrefour the world leader in the food transition for everyone, providing everybody with access to high-quality, affordable food every day, in all locations.
For more information, visit www.carrefour.com, or find us on Twitter (@GroupeCarrefour) and LinkedIn (Carrefour).

View source version on businesswire.com: https://www.businesswire.com/news/home/20201230005417/en/

Group Communication Tel: +33 (0) 1 58 47 88 80
Investor Relations: Selma Bekhechi, Antoine Parison and
Anthony Guglielmo Tel: +33 (0) 1 64 50 79 81

Source: CARREFOUR

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