France’s Carrefour to buy 47 stores in Spain

By: Trademagazin editor Date: 2023. 09. 25. 09:43

Carrefour  has reached an agreement with El Corte Inglés to buy 47 stores under the SuperCor banner in Spain, for an enterprise value of 60 million euros ($64.4 million), the French retailer said last Wednesday.

The deal includes supermarkets and convenience stores notably located in the regions of Madrid, Catalonia, Andalucia and Comunidad Valenciana.

Carrefour plans to convert the acquired stores to the Carrefour Market, Carrefour Express and Supeco banners.

The converted stores will benefit from Carrefour’s brand equity, commercial policy, products under Carrefour brand and purchasing conditions, the retailer noted.

The acquisition will help the French retailer to consolidate its position in Spain by further diversifying its store network and geographical footprint in the country, in line with its strategy.


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