Jan 13 (Reuters) - Canadian convenience-store operator Alimentation Couche-Tard Inc has begun exploratory talks with continental Europe’s biggest retailer, Carrefour SA , over a potential deal.
Here’s an outline of the two businesses:
- Headquartered in Paris, Carrefour opened its first supermarket in the town of Annecy in 1960.
- Carrefour had a network of 12,775 stores in more than 30 countries as of last September. These range from smaller convenience stores in city centres to larger hypermarkets and cash-and-carry outlets aimed at caterers and other small businesses.
- The company, which has more than 320,000 employees, achieved turnover of 80.74 billion euros ($98.63 billion) in 2019.
- Alexandre Bompard has been chief executive since 2017, overseeing a company that had a market capitalisation of 12.6 billion euros ($15.4 billion) at Tuesday’s close.
- The company opened its first convenience store in 1980 in Laval, Quebec, where it still has its headquarters.
- Couche-Tard’s worldwide network comprises more than 14,200 stores, many of them roadside outlets that also sell fuel, and the company has a total of about 131,000 employees.
- In the year to April 28, 2019, Couche-Tard had turnover of $59.12 billion.
- Chief Executive Brian Hannasch has led the company since 2014.
- Couche-Tard has a market capitalisation of C$45.7 billion ($36 billion)
Source: Company websites, Reuters
$1 = 0.8186 euros $1 = 1.2713 Canadian dollars Compiled by Sarah Morland, Anait Miridzhanian and Tommy Lund Editing by Keith Weir and David Goodman