Home / Knowledge / News / Fashion / Carrefour to purchase Penny Market from Rewe

Carrefour to purchase Penny Market from Rewe

Jul '05
No 1 European supermarket retailer Carrefour intends to acquire Penny Market from Rewe and to divest Prodirest to transGourmet Carrefour announces its intention to acquire Penny Market in France from Rewe, and to divest Prodirest to transGourmet (JV between Rewe and the Swiss group, Coop).

In order to fulfil legal obligations, Carrefour and Rewe have begun the consultation with the Comités d'Entreprise of their subsidiaries concerned by these operations. The agreements for the implementation of these divestments, subject to the approval of the competition authorities, will be signed when the consultations are finalized in the coming weeks.

Penny Market operates 101 discount stores in the North of France, with net sales in 2004 of €262m. Penny Market owns the freehold to 55 of these stores.

Through 26 warehouses (of which 5 are affiliates), Prodirest distributes food products to 40,000 customers involved in commercial and institutional catering. Prodirest had net sales in 2004 of €526m.

The fulfilment of this transaction would constitute another milestone in Carrefour's strategic programme initiated in early 2005 to optimise its asset portfolio through the divestment of non-core activities, and through tactical acquisitions in countries and in formats where the company sees opportunity to improve its financial returns.

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 with Aligros in Italy and signed agreements to buy Gima and Endi in Turkey and Chris Cash & Carry in Cyprus. Carrefour has also acquired 10 hypermarkets in Brazil in the Sao Paulo area.

Must ReadView All

Pic: Shutterstock

Textiles | On 25th Jan 2022

New US legislation to fix import loophole, boost oversight unveiled

Earl Blumenauer, chairman of the US House of Representatives ways and ...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2022

China’s garment industry earned $209 bn in revenue in Jan-Nov 2021

About 12,659 garment companies of China earned a combined operating...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2022

AmCham says RCEP aligns with economic reforms in Philippines

AmCham Philippines has joined the call for the immediate concurrence...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Rajesh Masand,

Rajesh Masand

Established in 1963, the Clothing Manufacturers Association of India, or...

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&amp;S,...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

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


Lenzing Aktiengesellschaft
Page Industries Limited (Bangalore)
Seasalt Limited
Arvind Limited
Under Armour Global Sourcing Ltd
Sportswear Company Spa
Amazon China
Gap International Sourcing Limited
Aramark Uniform ;& Career Apparel, LLC
C;&A Sourcing International Ltd
Hirdaramani International Export Private Limited
Sportmaster Ltd.
Phong Phu international JSC (PPJ)
LC Waikiki
KAS Direct Sourcing
Bluestem Global Sourcing Limited
Gloria Jeans
Sainsbury's Argos Asia Limited
Grasim Industries Limited
The Top Form Brassiere Manufacturing Company Limited
Alison Hayes Romania
Green Fibre
Reiter India Private Limited
Helly Hansen Far East Ltd
Desigual - ABASIC, S.A.
Calvin Klein
Guess Europe Sagl,
Restoque S.A.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Hela Clothing Pvt Ltd
SHAHI Exports Pvt Ltd
Eastman Chemical Company
Cat Tuong Real Estate Group Joint Stock Company
OVS Hong Kong Sourcing Ltd.
Tchibo GmbH
Esprit Europe Services GmbH
Rayonese Textile Inc., Division de Culp Inc.
Lululemon Athletica Inc
NITI Aayog
PVH Corporation
MAS Active / MAS Kreeda / MAS Bodyline
Tory Burch Hong Kong Ltd
Rosset ;& Cia Limited
J ;& P Coats
Alix Partners
Gatsby Africa
T.T. Limited
Benetton Group
International Textile Manufacturers Federation
Sateri (Jiujiang) Fiber Co.,Ltd
Groz-Beckert East Asia LLP
Chico’ FAS
Lacoste (Wanchai)
Recron Polyester from Reliance Industries Limited
Etam Group Strategy Hong Kong Limited
Aquarelle Clothing Limited
Chori Company Limited
Target Corporation (MN)
Huntsman (Singapore) Pte Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
Tommy Hilfiger
Landmark Group
G-Star Raw C.V.
IDH – The Sustainable Trade Initiative
Truetzschler India Private Limited
Brandix Lanka Limited
John Varvatos
Gokaldas Exports Limited
Vianney Textil Hogar S.A. De C.V.
Lisa S.P.A.
Boardriders Asia Sourcing Limited
Midas Clothing Limited
IKEA of Sweden AB
The LYCRA Company Singapore  Pte. Ltd

January 2022

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

Advanced Search