View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
December 23, 2013

BELGIUM: Former Coopernic alliance renamed Core

Italian retailer Conad has confirmed its new buying alliance with Swiss grocer Coop, German retail giant Rewe and Belgium's Colruyt will be called Core.

By Dean Best

Italian retailer Conad has confirmed its new buying alliance with Swiss grocer Coop, German retail giant Rewe and Belgium’s Colruyt will be called Core.

The new partnership was devised after their previous buying venture, Coopernic, collapsed. Coopernic ended after a disagreement between the four retailers and France’s E. Leclerc over the future direction of the alliance.

Core will, like Coopernic, be based in Brussels. The new partnership will start next month.

Conad confirmed the details of the new venture as it reported a 5% increase in annual sales. According to preliminary data for 2013, Conad said its turnover would reach EUR11.5bn, 5.4% higher than 2012.

Related Companies

Topics in this article: , , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU