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Technology No merger between Carrefour and Couche-Tard but "operational partnerships"?

10:30  17 january  2021
10:30  17 january  2021 Source:   pressfrom.com

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However, Carrefour and Couche - Tard will not stop all discussions. They hear well “examine opportunities for operational partnerships “, bearing, for example, on”sharing of best practices in fuel distribution“, “the development of joint purchasing“, or “the optimization of product distribution in areas

Carrefour and Couche - Tard , on the other hand, "decided to extend their discussions to examine opportunities for operational partnerships ," the two groups announced in a joint press release. The French Carrefour and the Canadian Couche - Tard announced Saturday to have "interrupted" their

Pas de rapprochement entre Carrefour et Couche-Tard mais des © Julien Sarboraria / Capital No merger between Carrefour and Couche-Tard but "operational partnerships"? The French Carrefour and the Canadian Couche-Tard had announced Saturday January 16 to have "interrupted" their discussions on a "friendly rapprochement" after the veto of the French government.

New twist in the Carrefour and Couche-Tard file. Saturday January 16, it seemed that any rapprochement was buried, especially after the French veto. But on the evening of Saturday, the French and Canadian groups "decided to extend their discussions to examine opportunities for operational partnerships". Among the areas of cooperation envisaged, presented in a joint press release, "the sharing of good practices in fuel distribution", "the development of joint purchases", the "sharing of expertise and the launch of innovations to improve the customer experience ", or even" the optimization of product distribution in regions common to the two groups ".

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  Violence erupts in Brazil after Black man beaten to death at Carrefour store Violence erupts in Brazil after Black man beaten to death at Carrefour storePORTO ALEGRE, Brazil (Reuters) - More than 1,000 demonstrators attacked a Carrefour Brasil supermarket in the southern Brazilian city of Porto Alegre on Friday after security guards beat to death a Black man at the store.

“Building innovative partnerships is a key point of Carrefour ’s transformation strategy“, declares in this communication the CEO of Carrefour Alexandre Bompard, for whom the partnership with Couche - Tard ”is fully in line with this strategy which has already enabled us to find a path of profitable

PARIS — Carrefour and Alimentation Couche - Tard have ended merger talks but are exploring operational partnerships , the two companies said in a joint statement Saturday. “Building innovative partnerships is a key part of Carrefour ’s transformation strategy,” said Carrefour chief executive

"Building innovative partnerships is a key point in Carrefour's transformation strategy", declares in this communication the CEO of Carrefour Alexandre Bompard, for whom the partnership with Couche-Tard "is fully in line with this strategy which has already established us. allowed to find a profitable growth path ". For his part, the President and CEO of Couche-Tard, Brian Hannasch, believes that "the operational opportunities with Carrefour will enable us to fulfill our ambition to become a world leader in mass distribution".

>> To read also - The Canadian Couche-Tard on the verge of giving up the takeover of Carrefour

A "strategic plan" under study

"The areas of cooperation envisaged are aligned with our strategic plan, our commitment to strengthen ourselves on our main activities such as convenience formats and fuel distribution, and our desire to explore the multiple opportunities in associated growth areas, ”he explains. The two groups had communicated in the middle of the week on discussions for a "friendly rapprochement", against which the French government expressed a veto in the name of "food security". "We are not giving up one of the major French distributors," Economy Minister Bruno Le Maire said Friday on BFMTV and RMC.

A position that is all the more dissuasive as the government has the power to block buyout operations in the agrifood industry, via regulations on the control of foreign investments. The argument was criticized by a government source in Ottawa on Friday evening. "It can be argued that it is politically possible to decide not to allow the country's main employer to pass into foreign hands," said this source, joined by AFP. "But we cannot accuse a leading Canadian company like Couche-Tard of endangering the food sovereignty of an entire country."

Zenhausern wins World Cup slalom in Alta Badia .
Switzerland's Ramon Zenhausern claimed the second World Cup men's slalom victory of his career on Monday in Alta Badia. The 28-year-old, who had been eighth after the first run, edged out Austrians Manuel Feller and Marco Schwarz by 0.08sec and 0.12sec respectively. It was Zenhausern's fourth World Cup win and second in the slalom. His last victory in that event came in Kranjska Gora, Slovenia in March 2019. France's Alexis Pinturault, winner of the giant slalom on Sunday, struggled on the second run and finished 11th overall at 0.77sec, but nevertheless extended his lead in the overall World Cup standings.

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