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December 7, 2011

FRANCE: Carrefour “mulls Guyenne et Gascogne acquisition”

France's Carrefour is reportedly considering buying its franchisee Guyenne et Gascogne.

France’s Carrefour is reportedly considering buying its franchisee Guyenne et Gascogne.

French daily Le Figaro cited an anonymous source who claimed Carrefour is holding a meeting of its board later today (7 December) to discuss a potential takeover.

A spokesman told just-food that Carrefour had “so far” no comment on the reports, adding: “We don’t comment on this type of speculation.”

Guyenne et Gascogne was equally as tight-lipped. However, a spokesperson added that a statement on the matter may be forthcoming in the near future.

Carrefour, the world’s second-largest retailer, has endured a difficult year, issuing a number of profit warnings and allegations of turmoil among management and shareholders.

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