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

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

Other relevant research:

• Carrefour 2026 Strategic Plan: Boost Private Label, Discount Formats and Sustainability
• European Grocery Retail Dynamics Amid Broader Inflationary Trends
• Market Navigator: US Grocery Retailing—Exploring Growth, Inflation, Competition, Trends and Strategies