MEXICO/FRANCE: Will Carrefour buyout Comerci?
Rumours are rife within the Mexican retail industry, stirred by speculation that French retail giant Carrefour is hoping to buy out its major competitor Comercial Mexicana (Comerci). Dario Celis Estrada, business columnist at Reforma, reported this week that the Mexican owned Comerci was flatly denying a takeover, yet its suppliers remain largely convinced that Carrefour, headed in Mexico by Bernard Dunand, is close to finalising a deal. The world's second largest retailer since its merger with Promodès last year, Carrefour operates 18 outlets in Mexico, and would greatly increase its market hold with a takeover of the 209 stores controlled by Comerci.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Does Kraft Heinz want to swallow Unilever whole?
- US food next wave on display at Winter Fancy Food
- Focus: Nestle CEO plan to balance sales, earnings
- Comment: Meal kits in US - don't believe the hype
- Wessanen eyes growth in "resurgent" organic market
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kerry operating earnings strengthen on slow sales
- Kerry Group staff in Ireland suspend strike action
- Kerry's Scanlon to replace McCarthy as CEO