Carrefour plans to convert the Wellcome stores to the Market banner within 12 months after the closing of the transaction, and then convert Jasons stores to a Carrefour premium banner. The converted stores will benefit from Carrefour’s commercial policy and purchasing conditions. The Group thus plans to improve commercial density and optimize the cost structure.
Carrefour has entered into an agreement with Dairy Farm to acquire Wellcome Taiwan, consolidating its position as the leading multi-format food retailer in that market.