French retailing giant Carrefour, the second largest supermarket group in the world, revealed yesterday [Wednesday] that it hopes to net US$194.3m in the sale of its 9.9% stake in US pet food company Petsmart.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Carrefour, which first revealed that it would sell the stake in late June to focus on its core retail businesses, priced its public offering of 14.5 million shares at US$13.40 a share.


The stake has a book value of US$130m on the open market


The sale is expected to be completed next month.

GlobalData Strategic Intelligence

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

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now