LAOIDH, QC and MASSY, France, January 16, 2021 / PRNewswire / – Initial business negotiations, bringing to the attention of all stakeholders, were initiated between Carrefour SA («Carrefour») (Paris: CA) and Alimentation Couche – Tard Inc. («Couche – Tard») (TSX: ATD. A) (TSX: ATD.B) follows a friendly approach from the latter. As a result of recent events, these are no longer ongoing.
Carrefour and Couche-Tard, however, have decided to extend their talks to explore opportunities for working partnerships. Initial areas of collaboration to be explored include sharing best practice on fuel, collecting purchase volumes, participating on private leaflets, improving customer journey through new -customize, and evaluate ways to increase product circulation in the networks that cross it.
Alexandre Bompard, Chairman and CEO, Carrefour: “Building innovative partnerships is a key part of Carrefour’s transformation strategy. The promising partnerships expected by North American leader Couche-Tard are fully committed to it. this strategy, which has allowed us to return to the path of profitable growth. “
Brian Hannasch, President and CEO, Couche-Tard: “The opportunity for working partnerships with Carrefour will advance our journey towards becoming a leading global vendor. The areas discussed are for collaboration aligns with our five-year strategic plan, as well as our commitment to strengthening our core amenity and fuel industry and seeking opportunities in a number of connected growth platforms. “
About Alimentation Couche-Tard Inc.
Couche-Tard is a leader in the Canadian resource store industry, with market potential all around C $ 46 billion as at January 12, 2021. In United States, is the largest independent convenience store company in terms of the number of stores operated by a company. In Europe, Couche – Tard is a leader in resource storage and road transport fuel sales in the Scandinavian countries (Norway, Sweden and Denmark), In the Baltic countries (Estonia, Latvia and Lithuania), as well as in Ireland, and has an important presence in Poland.
Mar de 11 October 2020, The Couche-Tard network consisted of 9,261 resource stores across North America, including 8,085 stores with road transport fuel distribution. The North American network is made up of 18 business units, including 14 in United States covering 47 states and 4 entries Canada covering the 10 districts. Approximately 109,000 people work across its network and at its service offices in North America.
In Europe, Couche-Tard operates an extensive sales network throughout Scandinavia, Ireland, Poland, the Baltics and Russia through 10 business units. Mar de 11 October 2020, There were 2,722 stores in the Couche-Tard network, most of which offer road transport fuel and convenience products and the others are unmanned automated fuel stations offering road transport fuel. -only. Couche-Tard also offers other products, including aviation fuel and energy for stationery engines. Including staff at designated licensed stores, approximately 22,000 people work in their sales network, destinations and service offices across Europe.
In addition, under licensing agreements, more than 2,220 stores were operated under the Circle K banner in 15 other countries and regions (Cambodia, Egypt, Guam, Guatemala, Honduras, Hong Kong, Indonesia, Jamaica, Macau, Mexico, Mongolia, New Zealand, Saudi Arabia, the United Arab Emirates and Vietnam), which will bring the entire worldwide network to more than 14,200 stores.
For more information on Alimentation Couche-Tard Inc. or to consult its quarterly Combined Financial Statements and Management Discussion and Analysis, visit: https://corpo.couchetard.com/.
About Carrefour Group
With a multifaceted network of around 12,300 stores in over 30 countries, Carrefour Group is one of the world’s leading food retailers. Carrefour recorded total sales of € 80.7 billion in 2019. It has more than 320,000 employees who help make Carrefour a world leader in the food movement for all, enabling for everyone high quality food at an affordable price every day, everywhere.
For more information, visit www.carrefour.com, or find us on Twitter (@GroupeCarrefour) and LinkedIn (Carrefour).
Forward-looking statements
The statements set out in this press release, which set out Couche-Tard’s objectives, projections, estimates, expectations or projections, may be statements look forward within the meaning of securities legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “expect”, “expect”, “estimate”, “accept” and other related expressions are used to indicate such statements. Couche-Tard would like to point out that, by their nature, forward-looking statements involve risks and uncertainties so that its results, or the steps it takes, may acceptance, may differ materially from those identified in or underpinning these statements, or may affect the level of performance of a particular projection. Among the key factors that may cause a material discrepancy between the actual results of Couche Tard and the projections or expectations outlined in the forward-looking statements are the effects of the merger of acquired businesses and the ability to achieve projected collaboration, uncertainty related to the duration and severity of the typical COVID-19 pandemic, changes in margins on motor fuel sales, competition in the convenience store and motor fuel sales industries, changes in exchange rates, and other risks as explained in detail from time to time in the reports that Couche files. -Tard with incoming securities regulatory authorities Canada. Unless otherwise required by applicable security laws, Couche-Tard disclaims any intention or responsibility to update or review any forward-looking statements, whether as a result of new information, future events or other. The advanced information in this publication is based on information available from the date of the press release.
SOURCE Alimentation Couche-Tard Inc.
Related Links
http://corpo.couche-tard.com