1. News
July 18, 2018updated 26 Jul 2018 11:31am

French competition authority investigates major retail alliances

French antitrust authority Autorité de la Concurrence has started an investigation of major alliances in the retail industry.

French antitrust authority Autorité de la Concurrence has started an investigation of major retail alliances in the industry.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The two major alliances include Auchan Retail, Casino Group, Metro and Schiever Group, Carrefour, and Système U.

According to the Article L. 462-10 of the French Commercial Code, any agreement between companies with one or more retail stores must be communicated to the Autorité at least two months before the implementation.

The two alliances were submitted to the competition authority on 18 May and 8 June and are assigned to the Investigation Services of the Autorité de la concurrence for investigation in compliance with the article.

Under the investigation, the authorities identified that both deals differ from the alliances made in 2015 due to their larger scope globally, while they offer nationally branded goods and store-branded products.

The French competition authority opened inquiries to further investigate the impact of these alliances on the concerned markets.

“The new purchasing platform is aimed at reducing transactional negotiations and introducing innovative, balanced negotiation types.”

The Investigation Services will interrogate the suppliers concerned in these agreements as well as competitors.

European retailers Auchan, Casino, Metro, and Shiever formed an alliance to develop a new purchasing platform this month.

Called Horizon, the new purchasing platform is aimed at reducing transactional negotiations and introducing innovative, balanced negotiation types.

Carrefour and Système U signed a five-year partnership agreement to cooperate on purchasing national and international brands, as well as offering commitments in favour of French agricultural producers.

The investigation has also been extended to the purchase alliance between Carrefour and Tesco.

Tesco and Carrefour entered a long-term joint purchasing strategic alliance to cover the strategic relationship with global suppliers to purchase own-branded products and goods.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.