They give up, or almost. The French Carrefour and the Canadian Couche-Tard announced on Saturday January 16 to have “interrupted” their discussions on a “friendly rapprochement”, after the veto of the French government. But the two groups “decided to extend their discussions to examine opportunities for operational partnerships”.
Among the areas of cooperation envisaged, presented in a joint press release, “the sharing of good practices in fuel distribution”, “the development of joint purchases”, the “sharing expertise and launching innovations to improve the customer experience”, or “the optimization of the distribution of products in the regions common to the two groups”.
“Building innovative partnerships is a key point in Carrefour’s transformation strategy”, declares in this communication the CEO of Carrefour Alexandre Bompard, for whom the partnership with Couche-Tard “is fully in line with this strategy which has already enabled us to find a path of profitable growth”.
For his part, Couche-Tard’s President and CEO, Brian Hannasch, believes that “the operational opportunities with Carrefour will enable us to achieve our ambition to become a world leader in mass distribution”.
The two groups had communicated mid-week on discussions for a “friendly rapprochement”, against which the French government expressed a veto on behalf of “food safety”. “We do not sell one of the major French distributors”, had declared Friday on BFMTV and RMC the Minister of the Economy Bruno Le Maire.