leclerc group and german giant Rewe combine thier purchasing power

Leclerc group and the German giant Rewe combine for common purchases

Finance

leclerc group and german giant Rewe combine thier purchasing power

The E.Leclerc group and the German giant Rewe distribution announced Friday the creation of a central common purchase, as part of a strategic alliance presented between the two groups.

The E.Leclerc group and the German giant Rewe distribution announced Friday the creation of a central common purchase, as part of a strategic alliance presented as between the two groups.

“The directors in both groups  discussed the possibilities of defining common strategic directions and enjoy the synergies, particularly in the supply sector,” explained their respective directors Michel-Edouard Leclerc and Alain Caparros , quoted in the combined statement.

The two brands have also decided to bring their teams’ on common strategic projects, such as the further development of organic segment, tourism activities, imports and electromobility and energy. ”

Leclerc is the last of the great French groups, which represent 90% of the purchase market, to announce a partner to bring better purchasing power.   Casino has partnered with Intermarche, Carrefour with Cora and Auchan has teamed up with Système U.

The Competition Authority in April had identified several risks of distortion of competition with these alliances, inviting distributors involved to adjust their practices.

Rewe, a major German and European retailing distribution, achieved a turnover of € 51 billion in 2014 and employs 330,000 people in a total of 15,000 stores.

The French retailer E.Leclerc achieved  a turnover of 45.7 billion euros last year. It has 642 stores in France.

 

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