Carrefour currently operates 137 stores in Taiwan
Carrefour has entered into an agreement with Dairy Farm retail company to acquire food retailer Wellcome Taiwan. The transaction, with an enterprise value of e97 million, involves 224 stores s well as a warehouse.
This acquisition allows Carrefour to accelerate its development in Taiwan in the fast-growing proximity format. The company highlights that the quality, prices, and services offered to Taiwanese consumers could be improved after the acquisition.
According to a statement, the company aims to convert the Wellcome stores to the Market banner during a year after the closing of the transaction.
We’ve reported that Grupo Carrefour Brasil has made a deal with Makro Atacadista SA, Brazilian retailer, to acquire 30 cash & carry stores, in a transaction valued at $450 million.