French-based Auchan Retail has entered talks with Casino Group to form a strategic partnership for a joint purchasing agreement.
Under the terms of the deal, both the companies will mutually negotiate purchases with multi-national food and non-food suppliers in France and across the world.
The partnership will support the development of French suppliers of both the companies in countries across Eastern and Western Europe, Latin America and Asia.
Both groups will allow their current partners to join the newly formed alliance.
According to both groups, the strategic alliance values the interests of all stakeholders: consumers, farmers and manufacturers alike.
Last month, Casino Group’s subsidiary Monoprix has announced a partnership with Amazon to offer grocery items to Prime Now members in France.
Starting this year, Amazon plans to offer grocery items, sourced from the Monoprix through its Prime Now app and a virtual store on the website to customers living in Paris and neighbourhood areas.
Recently, Auchan has announced Marc Grosser as the director of its human resources division effective 02 May this year. Grosser will join as a replacement for Philippe Saudo.
Casino Group currently operates more than 12,000 sales outlets in France, Argentina, Colombia, Brazil, Uruguay and ten countries in Africa.
The group has a business footprint in various retail markets, including convenience stores, supermarkets, hypermarkets, eCommerce, multi-channel and omni-channel retailing.
Auchan is a France-based food retailer and distributor operating in 17 countries across Europe, Asia and Africa.
The group currently has 3,778 outlets, including hypermarkets and supermarkets chains.