French retailer giant Carrefour has said it has reached a deal to sell its optical stores in France and Spain to French optician Alain Afflelou for an undisclosed sum.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Carrefour’s sale of the 68 stores in France and a further 68 in Spain is believed to be part of a strategy to focus on its core business.
Although not providing financial details of the deal, Carrefour said the French stores had revenues of €56m (US$64.8m), while the Spanish stores had sales of €20m, reported Reuters.
British private equity fund Apax Partners controls a 24% stake in Afflelou.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
