US retailer Wal-Mart is thinking about buying the seven Cora hypermarkets of French retailer Louis Delhaize in Hungary, according to a report in business weekly Figyelő, cited by the Budapest Buseinss Journal.
US retailer Wal-Mart is thinking about buying the seven Cora hypermarkets of French retailer Louis Delhaize in Hungary, according to a report in business weekly Figyelő, cited by the Budapest Buseinss Journal.
Cora, which competes with Tesco and Auchan in the Hungarian market, closed the year 2003 with 100bn forint (US$490m) revenue and a Ft 3.4bm forint loss.
According to Figyelő, Wal-Mart may also consider buying Auchan. Wal-Mart registered a subsidiary in Hungary with 3m forint capital in 2003.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suitedelivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.
