Carrefour starts rebranding Wellcome stores in Taiwan
In this article (5)
Carrefour SA said Tuesday they have agreed to buy Wellcome Taiwan from Dairy Farm International Holdings Ltd. to accelerate its expansion.
The deal includes 224 proximity stores as well as a warehouse and its overall enterprise value is EUR97 million (US$107.9 million), the supermarket group said.
The company expects the transaction to close by the end of the year and its plans for the stores include cost-structure optimization and rebranding.
Wellcome Taiwan had net sales of around EUR390 million in 2019, according to Carrefour.
The French company said it currently owns 137 stores in Taiwan, where it generated net sales of EUR1.97 billion, earnings before interest, taxes, depreciation, and amortization of EUR209 million and recurring operating income of EUR83 million in 2019.
Questions & Answers
Q.What is the total value of Carrefour's acquisition of Wellcome Taiwan?
What is the total value of Carrefour's acquisition of Wellcome Taiwan?
The enterprise value of the deal is EUR97 million, which is equivalent to US$107.9 million. This figure includes the 224 proximity stores and a warehouse.
Q.What were Wellcome Taiwan's net sales figures in 2019?
What were Wellcome Taiwan's net sales figures in 2019?
Wellcome Taiwan achieved net sales of approximately EUR390 million in 2019. This information was reported by Carrefour as part of the acquisition announcement.
Q.How many stores does Carrefour currently operate in Taiwan before this acquisition?
How many stores does Carrefour currently operate in Taiwan before this acquisition?
Before acquiring Wellcome Taiwan, Carrefour currently owns 137 stores in Taiwan. These stores generated significant sales and earnings in 2019.
Q.What are Carrefour's plans for the Wellcome stores after the transaction closes?
What are Carrefour's plans for the Wellcome stores after the transaction closes?
Carrefour plans to implement cost-structure optimisation and rebrand the Wellcome stores. The company expects the acquisition transaction to be finalised by the end of the current year.
Reader pulse
Carrefour's Wellcome acquisition in Taiwan:
21,210 votes so far