Home / Knowledge / News / Fashion / Carrefour buys out 10 hypermarkets from Sonae

Carrefour buys out 10 hypermarkets from Sonae

Jun '05
1st European retailer Carrefour acquires 10 hypermarkets currently operating under the BIG banner and located in the Sao Paulo area from Sonae for BRL 317 millions (€ 90 M).

These 10 hypermarkets reported 2004 net sales of BRL 455 millions, which is approx. € 128 M.
With this transaction, Carrefour strengthens its position in the Sao Paulo area.

The final transfer should take place by the end of June 2005. Carrefour is the second largest retailer in Brazil. In 2004, the group achieved net sales of € 2.7 Billion in Brazil. It operated 85 hypermarkets, 97 supermarkets and 208 hard discount stores as of end of 2004.

This operation is part of Carrefour Group's overall strategy to establish market leadership in all key markets where it chooses to be present, and to optimise the asset portfolio in each of its markets.

Since the beginning of the year, Carrefour has divested its business in Mexico and entered into a franchise agreement with Aeon in Japan.

At the same time, it has concluded the acquisition of 12 hypermarkets in Poland from Ahold, signed an agreement Aligros in Italy and signed agreements to buy Gima and Endi in Turkey and Chris Cash & Carry in Cyprus.

France based The Carrefour company is created by the Fournier and Defforey families. Official site offers complete financial information and information on the group's international presence, banners and brands.

The Carrefour hypermarkets offer a wide rangange of food and non-food products at very attractive prices; their shelves stock an average of 70,000 items. Floor areas of hypermarkets range from 5,000 sq.m to over 20,000 sq.m, and their catchment areas are very large.


Must ReadView All


Textiles | On 22nd Apr 2021

ECOS urges EC to apply ecodesign principles to textile products

The international NGO Environmental Coalition on Standards (ECOS) has ...

Pic: Salvatore Ferragamo

Apparel/Garments | On 22nd Apr 2021

Salvatore Ferragamo launches new platform to discuss sustainability

Italian luxury goods company Salvatore Ferragamo has launched...

Pic: Lululemon

Apparel/Garments | On 22nd Apr 2021

Canadian retailer Lululemon announces sustainability initiatives

Canada-based Lululemon Athletica has announced 2 new initiatives that ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Abhishek Ralli,

Abhishek Ralli

Founded in 1962 in Agra, Guide Footwear manufactures men’s footwear for...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj

Samshek is a fashion forward tech brand which combines digital experience...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search