DFIHY - Carrefour closes acquisition of 224 Proximity Stores in Taiwan

As part of its targeted acquisitions policy, Carrefour (CRRFY) closed the acquisition of 224 proximity stores (199 Wellcome stores and 25 Jasons stores) and a warehouse in Taiwan from Dairy Farm (DFIHY).The acquired stores will benefit from Carrefour's commercial policy and purchasing conditions, while Wellcome will bring its recognized expertise in fresh produce and contribute to the development of food e-commerce.In the upcoming 12 months, Carrefour plans to convert the Wellcome stores to the Market banner and then convert Jasons stores to a Carrefour premium banner.

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Carrefour closes acquisition of 224 Proximity Stores in Taiwan