×
30 141
Fashion Jobs
HUGO BOSS
Merchandising Coordinator, Ecommerce
Permanent · New York
RALPH LAUREN
Polo Factory Store - General Manager
Permanent · Manchester
AEROPOSTALE
Director, Digital Marketing, CRM & Loyalty, Sparc Group
Permanent · Lyndhurst
ESTÉE LAUDER COMPANIES
Lead, Project Manager, Americas Supply Chain Technology
Permanent · Bristol
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20 Hrs - Wrentham Village Premium Outlets - Wrentham,ma
Permanent · Wrentham
CLINIQUE
Retail Beauty Sales Manager - Clinique - 38 Hrs - Willowbrook - Houston, tx
Permanent · Houston
ESTÉE LAUDER COMPANIES
Manager, Hrbp, Melville Manufacturing Operations
Permanent · New York
ANN TAYLOR
Part-Time Sales Manager
Permanent · Mebane
HOMEGOODS
70118-lp Detective
Permanent · Lutz
HOMEGOODS
Loss Prevention Detective
Permanent · Los Angeles
MARSHALLS
lp Detective - Boston Fenway
Permanent · Boston
MARSHALLS
70118-lp Detective Miami Gardens
Permanent · Miami Gardens
HOMEGOODS
70118-lp Detective
Permanent · Bradenton
MARSHALLS
lp Detective - Homestead, fl
Permanent · Homestead
MARSHALLS
70118-lp Detective Miramar
Permanent · Miramar
L'OREAL GROUP
Senior Manager, Digital Solutions & SEO Lead, Cerave us
Permanent · New York
L'OREAL GROUP
Senior Manager/Director, Omni-Shopper Marketing - Garnier Skincare
Permanent · New York
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Great Falls
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Memphis
VICTORIA'S SECRET
Asset Protection Investigator (Kansas City, Kansas - Legends Outlets & Summit Fair Mall)
Permanent · Topeka
ROSS STORES
Human Resources Manager
Permanent · Chicago
H&M
West Coast Sales HR Manager
Permanent · Los Angeles
By
Reuters
Published
Apr 26, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Carrefour strikes deal to become biggest buyer in French retail

By
Reuters
Published
Apr 26, 2018

French retailer Carrefour has struck a five-year purchasing alliance with peer Systeme-U, stealing a march over rivals in a deal that will make Carrefour the biggest buyer in its competitive home market.


The deal is the latest alliance within the French supermarket industry, which has seen U.S. internet giant Amazonmake inroads over the last year - Reuters


The companies said on Wednesday they were in talks to jointly negotiate purchases with their main, multi-national food and non-food suppliers, in a partnership that is also intended to favour French agricultural producers.

The deal is the latest alliance within the French supermarket industry, which has seen U.S. internet giant Amazon make inroads over the last year.

In January, Carrefour announced plans to cut costs and jobs, boost e-commerce investment and seek a partnership in China in an effort to lift profits and compete with Amazon.

Earlier this month, French retailers Casino and Auchan said they had begun talks on forming a partnership regarding the purchase of food and non-food items, as competition intensifies in France.

Systeme U had been widely expected to join that alliance.

“If Systeme U had joined that alliance, it would have made Casino the biggest buyer (in France). That competitive advantage now goes to Carrefour,” said Bernstein analyst Bruno Monteyne.

Carrefour shares rose 0.3 percent in early trading.

Unlisted supermarket operator Leclerc has a 21 percent share of the French market, Carrefour has 20.7 percent and Systeme-U 10.2 percent, according to industry data from Kantar.

Analysts said the deal with Systeme-U would therefore give Carrefour an advantage in purchasing power over Leclerc.

Carrefour and Systeme-U said they would aim to offer “fair compensation” to French farmers, a powerful voice in the country’s political system who have lobbied President Emmanuel Macron to do more to help them.

Macron has promised 5 billion euros ($6.1 billion) in agricultural investment as well as minimum farm prices to prevent producers selling at a loss.

Nevertheless, French farmers and their FNSEA lobby group remain concerned about issues ranging from trade talks with South America’s Mercosur bloc to a land-buying spree by Chinese investors.

© Thomson Reuters 2021 All rights reserved.