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Presentation of the Carrefour group

The history of the Carrefour group

In numerous countries, Carrefour opts to develop its banners through In 2013, an asset-modernisation programme was launched to

strategic partnerships with local players. Thus, in 2009, Carrefour

improve the quality of service and the reception offered to customers.

concluded a franchising agreement with Label’Vie, a Moroccan retail

During the first year of the programme, 49 hypermarkets and 83

business. In July

2011, Carrefour completed the spin-off of Dia SA, a supermarkets were renovated and remodelled in France to ensure a

hard-discount business, which became independent and was listed on balanced commercial offer, tailored to the needs and desires expressed

the Madrid Stock Exchange.

by customers. With the aim of creating a better sales ecosystem with

improved consistency across the store, the shopping centre, the car

On the customer side, Carrefour continued to pursue its commitment

park and the surrounding area, Carrefour worked with international

to offering a wide range of quality products and services and the best

investors to establish Carmila in April

2014. The new company is

value for money, including through the

Garantie Prix le plus bas

focused on enhancing the value of shopping centres adjacent to

(Guaranteed lowest price) programme, covering more than 500

Carrefour hypermarkets in France, Spain and Italy.

products from major brands, and the

Garantie Fraîcheur

(Freshness

guarantee) programme in France, a new Club Carrefour programme in In 2014, Carrefour acquired the French network of Dia stores and

Argentina, and sales events focusing on customers’ purchasing power,

incorporated 128 Coop Alsace convenience stores. In Italy, the Group

such as the ‘14 days without VAT’ initiative in Romania in 2011.

acquired 53 Billa supermarkets and 17 Il Centro stores. The Group

maintained a steady expansion policy with a net total of more than 750

Adapting to new consumer habits, Carrefour

drive

was gradually rolled

new stores throughout the world. In December

2014, Carrefour

out across the French regions. Developed to complement the stores,

strengthened its local roots in Brazil by welcoming Península into the

this new service allows customers to order online and pick up their

capital of its local subsidiary with a 10% stake, enabling the Company to

shopping in just a few minutes. At the same time, Carrefour leveraged

take advantage of the new shareholder’s recognised experience in the

the rapid development of new technology by introducing, in a number

local retail business to pursue the development of its multi-format

of countries, e-commerce sites and new services in its stores:

model. A cooperative purchasing agreement between Carrefour and

touchscreens, paperless catalogues, scanners, mobile apps and more.

Cora/Supermarchés Match was also signed at the end of the year in

In 2012 and 2013, the Group refocused its activities on markets where France.

the banner had a solid position. Thus, Carrefour partner CT Corp

The Carrefour model has therefore gradually evolved over the years to

became an exclusive franchisee in Indonesia. The partnership with

respond to the changing needs and expectations of its customers. In

Sabanci Holding in Turkey was reorganised, as was the exclusive

2015, Carrefour sought to consolidate its leadership position in the

franchise partnership with Majid Al Futtaim group in the Middle East,

markets where it operates by boosting the multi-format nature of its

which was renewed and extended to cover new formats and new

network. A notable development was the expansion of convenience

countries.

banners in a number of countries, for example in China where the

At the same time, the Group strengthened its business with the Group inaugurated its first Carrefour

easy

stores, as well as support for

consolidation of Guyenne & Gascogne following the success of a the expansion of the Atacadão and Carrefour banners in Brazil, the

tender offer in France, and the acquisition of the Eki stores in project to acquire Billa supermarkets in Romania, and the

Argentina. A partnership with Itaú Unibanco, Brazil’s largest private transformation of the first Dia stores in France. In all countries,

bank, and E. Sun Bank in Taiwan, were signed to enable Carrefour to Carrefour continued to develop its food and non-food e-commerce

develop its financial services in those countries. Carrefour joined forces

businesses, with the acquisition, for example, of

Rue

du

Commerce

in

with the CFAO group, establishing a joint company to develop various

France.

formats of Carrefour stores in West and Central Africa.

2010

Eleven new Atacadão

stores open in Brazil

2008

First Carrefour

market

supermarket opens in Milan

2012

Carrefour launches the

Guaranteed lowest price

campaign in French hypermarkets

2015

Carrefour continues to

develop its

drive

service

2015 REGISTRATION DOCUMENT

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