DUBAI: GoWit, a global leader in omnichannel Retail Media, announced on Tuesday the launch of GoWit Commerce Media, a unified advertising platform designed to connect retailers, brands, and agencies across Europe, the Middle East and Africa (EMEA). The new platform aims to replace fragmented retail media solutions by consolidating demand and technology into a single…
PARIS: Retail giant Carrefour has announced a significant share buyback, acquiring 25 million of its own shares from Galfa, a subsidiary of the Motier group. This transaction, representing approximately 3.5% of Carrefour’s capital, will see Galfa’s remaining stake in the company adjust to 7.71% of the capital and 13.3% of the voting rights. This buyback…
PARIS: Carrefour, the French retail giant, has agreed to buy 25 hypermarkets and supermarkets from its rival Casino Group, in a deal that will reshape the country’s grocery landscape. The deal, which was announced on Friday, follows a memorandum of understanding signed by Casino and another retailer, Groupement Les Mousquetaires, on 24 January 2024. Under…
French retailer Carrefour has unveiled plans to open 50 stores in Israel as part of a franchise partnership with Electra Consumer Products and its subsidiary Yenot Bitan. The stores will comprise three hypermarkets, 10 supermarkets and 37 convenience stores, with nine of the locations in Tel Aviv. Carrefour said it would import around 1,200 stock-keeping…
PARIS, FRANCE: Carrefour aims to triple its e-commerce GMV (Gross Merchandise Value) by 2026, to reach €10 billion, a news release said on Tuesday. Carrefour also expects that digital will contribute an additional €600 million to recurring operating income (ROI) in 2026 vs 2021. To this end, Carrefour will increase by around 50% its investments in digital, with a €3bn dedicated plan between 2022 and 2026. As…