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July 19, 2018updated 26 Jul 2018 11:29am

French retailer Carrefour to buy organic store concept So.bio

French multinational retailer Carrefour is set to acquire organic products retailer So.bio for an undisclosed amount.

French multinational retailer Carrefour is set to acquire organic products retailer So.bio for an undisclosed amount.

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The deal is expected to enable the company to develop the retail brand and expand its presence nationwide.

So.bio currently operates eight stores in the south-west region of France. It also plans to open two new stores in the coming months.

Carrefour organic market director Benoit Soury said: “So.bio is one of the best specialised organic store concepts in France because of the quality of its product range, its price positioning, the know-how of its teams, and its efficient management.”

“This acquisition by Carrefour will enable So.bio to accelerate its development by capitalising on the complementary expertise and human and financial resources of the Carrefour Group.”

The deal will also allow Carrefour to offer organic products across its distribution chain through So.bio specialist banner, an online sales offer with Greenweez, as well as by introducing organic sections in all traditional stores.

These initiatives will allow So.bio to strengthen its organic products retailer business by leveraging Carrefour’s resources and skills.

So.bio co-founder Jean-Marc Lachat said: “This acquisition by Carrefour will enable So.bio to accelerate its development by capitalising on the complementary expertise and human and financial resources of the Carrefour Group.”

The deal is also in line with the Carrefour’s 2022 transformation plan and is subject to the approval of the relevant authorities.

Carrefour currently operates more than 12,200 stores in more than 30 countries under a wide assortment of formats and banners.

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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
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by GlobalData
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