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July 17, 2023 4 minutes

Carrefour To Acquire Cora and Match Banners in $1.2 Billion Deal

Primary Analyst:
Sujeet Naik, Analyst
Contributors
Primary Analyst:
Sujeet Naik, Analyst
Sector Lead: Anand Kumar, Associate Director of Retail Research
Capital Markets Food and Grocery
Insight Report

What's Inside

Louis Delhaize has agreed to sell its French banners, Cora and Match, to Carrefour for $1.2 billion. We discuss how this move will bolster the company’s position in the competitive French grocery retail sector.

Data in this research report are:

  • Cora and Match’s store fleet, average selling area, net sales, EBITDA and EBITDA margin in 2022
  • French grocery market share by retailer, as of June 11, 2023

Companies mentioned in this research report are: Carrefour, Cora, E.Leclerc, Louis Delhaize, Match

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Capital Markets Food and Grocery

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