29 Aug, 2020 @ 15:39
1 min read

Supermarket sweep: Carrefour buy out Spanish food retailers Supersol

carrefour

FRENCH supermarket group Carrefour has agreed to buy the Supersol food retailing chain.

They will pay Maxima – the chain’s present Lithuanian owners – €78 million.

The buy-out involves 172 of the chain’s supermarkets, which are mainly in Andalucia and Madrid.

These stores made about €450 million of sales in 2019. 

Many of the stores will be converted into its convenience store format (Express) as well as its supermarket (Market) and Supeco formats, depending on size.

Carrefour currently manages a total of 205 hypermarkets, 111 Carrefour Market supermarkets, and more than 850 Carrefour Express and 25 Supeco.

It is the second biggest supermarket retailer in Spain.

Supersol, last year closed 18 stores and 12 fish retailers. Its current 173 stores in Spain and its three logistics warehouses in Madrid, Malaga and Cadiz directly employ more than 4,000 people.

Dilip Kuner

Dilip Kuner is a NCTJ-trained journalist whose first job was on the Folkestone Herald as a trainee in 1988.
He worked up the ladder to be chief reporter and sub editor on the Hastings Observer and later news editor on the Bridlington Free Press.
At the time of the first Gulf War he started working for the Sunday Mirror, covering news stories as diverse as Mick Jagger’s wedding to Jerry Hall (a scoop gleaned at the bar at Heathrow Airport) to massive rent rises at the ‘feudal village’ of Princess Diana’s childhood home of Althorp Park.
In 1994 he decided to move to Spain with his girlfriend (now wife) and brought up three children here.
He initially worked in restaurants with his father, before rejoining the media world in 2013, working in the local press before becoming a copywriter for international firms including Accenture, as well as within a well-known local marketing agency.
He joined the Olive Press as a self-employed journalist during the pandemic lock-down, becoming news editor a few months later.
Since then he has overseen the news desk and production of all six print editions of the Olive Press and had stories published in UK national newspapers and appeared on Sky News.

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