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2014 Registration Document
Presentation of the Group
1
Results and highlights of 2014
Highlights
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Carmila
Established in April, this company was created to enhance the value
of the shopping centres that are adjacent to Carrefour hypermarkets in
France, Spain and Italy. Drawing from Carrefour strategy of returning to
its fundamentals, Carmila will participate in recreating a retail ecosystem
with better consistency between stores, shopping centres, car parks and
their surrounding areas. This strategy’s success draws largely from the
coordinated renovation, modernisation, and extension of its shopping
centres and stores. Carmila owns the premises of 180 shopping centers,
accounting for €4.0 billion in total assets. Carrefour owns a 42% stake in
the company, which is among Europe’s five largest commercial property
firms.
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Acquisition of DIA in France
With DIA France, Carrefour acquired 800 additional stores, totaling
550,000 sq.m. and €2.3 billion in sales under Group banners in 2013.The
transaction was finalised on December 1, 2014, significantly contribute
to growth in the multi-format network in France. This acquisition has
strengthened Carrefour’s network in two key regions — greater Paris
and the southeast — will allow the Group to provide customers with
a noticeable increase in the number of locations from which they can
collect purchases.
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Acquisition of 53 supermarkets and 17 convenience stores in Italy
The 53 supermarkets “Billa” total 58,000 sq.m. and accounted for
approximately €300 million in sales in 2013, excluding tax. They began
to be consolidated in the fourth quarter of 2014. Carrefour also acquired
17 convenience stores “Il Centro”. These transactions have reinforced
the Group’s multi-format strategy.
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Strengthening of local ties in Brazil
In December 2014, Carrefour welcomed Península into the capital of its
subsidiary in Brazil, with Península taking a 10% stake. The transaction
allows Carrefour to benefit from its new shareholder’s recognised
experience in the local retail industry in order to further develop its
multi-format model.
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Purchasing cooperation agreement between
Carrefour and Cora / Match supermarkets
This agreement establishes a long-term partnership, with no equity ties.
It will enable the partners to improve competitiveness of their banners for
the benefit of consumers. The partnership took effect on January 1, 2015.