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Brazil’s Pao de Acucar denies talks with Carrefour

Indiaretailing Bureau -
Brazilian retailer Grupo Pao de Acucar denied it is in talks with rival Carrefour about merging their units in Latin America's biggest economy.Pao de Acucar, Brazil's biggest diversified retailer, said in a securities filing on Wednesday that "it is...
Retail

Carrefour announces the disposal of its business in Thailand

Indiaretailing Bureau -
Carrefour has signed an agreement with Big C, a subsidiary of Groupe Casino, for the divestment of its operations in Thailand for an enterprise value of €868 million. This valuation corresponds to 120% of the net sales of the...
Retail

Future Group to buy Le Marche

Indiaretailing Bureau -
In a major development, Kishore Biyani-led Future Group is all set to acquire Fu-Com Retail India promoted hypermarket chain Le Marche, reports ET. However, it is not clear whether Le Marche will be a part of Future Group’s value...
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In FocusAbhisar Narula -

The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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