Listen to RFI News
Expand Player
 
Listen Download Podcast
  • 14h00 - 15h00 GMT
    News bulletin 11/20 14h00 GMT
  • Paris Live PM 14h06 - 14h30 GMT Mon-Fri
    Features and analysis 11/16 14h06 GMT
To take full advantage of multimedia content, you must have the Flash plugin installed in your browser. To connect, you need to enable cookies in your browser settings. For an optimal navigation, the RFI site is compatible with the following browsers: Internet Explorer 8 and above, Firefox 10 and +, Safari 3+, Chrome 17 and + etc.
Economy

French retailer Carrefour denies seeking Casino merger

media Logo of French retail giant Carrefour AFP

French supermarket giant Carrefour on Monday denied approaching rival Casino with a tentative offer for a tie-up, as the pair became the latest chains to be swept up in Europe's retail wars.

The development comes as behemoths like Carrefour -- which at the turn of the century was the world's second-biggest retailer but which has since lost ground to online competitors like Amazon and Costco -- struggle to retain their dominance.

In a statement released in English, supermarket chain Casino said Sunday it had been "has been contacted by Carrefour over the last few days with a view to a possible combination".

It said its board met to discuss the proposal, but that it rejected the bid outright.

Carrefour responded several hours later by issuing a statement that "denies having solicited Casino".

It also said it was "surprised that Casino's board of directors would have been submitted a merger proposal that does not exist", adding that it was considering legal action.

 
Sorry but the period of time connection to the operation is exceeded.