Carrefour will be renamed the 7-11 Megagulp
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Carlyle, CVC Among Potential Bidders for Carrefour Taiwan
By
[Vinicy Chan]
Summary
(Bloomberg - Are you a robot?)
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October 26, 2021, 5:24 PM GMT+8 Updated on October 26, 2021, 6:10 PM GMT+8
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Enterprise value of French grocerâs unit could be $1.9 billion
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Other potential suitors examining bids include Far Eastern
Buyout firms Carlyle Group Inc. and CVC Capital Partners are among the suitors considering bids for French grocer Carrefour SAâs Taiwan operations, people with knowledge of the matter said.
Taiwanese conglomerate Far Eastern Group is also exploring making an offer for the business, whose enterprise value could be worth at least 1.6 billion euros ($1.9 billion), the people said. Blackstone Inc., KKR & Co. and MBK Partners have also shown interest, they said, asking not to be identified as the information is private.
The process has advanced to the second round and binding bids are due in the next few weeks, the people said. Deliberations are ongoing and the potential bidders could decide against making an offer, the people said.
Carrefour shares gained as much as 3.2% after the report, reversing an earlier decline. They traded up 0.9% at 12:05 p.m. in Paris.
Representatives for Blackstone, Carlyle, Carrefour, CVC, Far Eastern, KKR and MBK declined to comment.
Carrefour said in June that it was preparing a strategic review of its international operations.
Carrefour set up its first outlet in Taiwan in 1989, two years after establishing a joint venture with Uni-President Enterprises Corp., according to its website. The company has since expanded to more than 320 outlets. Uni-President and its affiliates currently own about 40% stake in Carrefourâs Taiwan unit.
Local supermarket group PX Mart Co. was previously contemplating a bid but it has now withdrawn from the race, according to the people. Just last week, the Taiwanese supermarket chain agreed to buy out fellow retailer RT-Mart from Auchan Retail International SA and Ruentex Industries Ltd., according to an announcement. A representative for PX Mart declined to comment.
The French retail giant last year acquired Wellcome Taiwan Co. from Dairy Farm at an enterprise value of 97 million euros. That deal boosted Carrefourâs position in Taiwan as the islandâs second-largest grocer, it said in a statement then.
â With assistance by Cindy Wang, Cathy Chan, and Thomas Mulier
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I canât see regulators here letting foreign private equity firms in here to do their looting, so that eliminates a lot of names in that article. Those PE firms bid on every asset they can, itâs almost meaningless when their names are mentioned.
Would the bets be on the local operator, Far Eastern City Super, now then?
If so, good!
Guy
I am getting confused about these Supermarkets and who owns who of late.
I cant find the thread, but wasnât there mention 6 months or so back that Carrefour had purchased Jasonâs and PX-Mart? Or was that canned?
Carrefour purchased Jasonâs/Wellcome.
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I am more of a RT Mart kind of guyâŚ
Their Jingping branch in Zhonghe, they have a good vibe in the cashier area, but I donât get why the heck they havenât fixed the escalators from ground level to B1 in like forever. That building entrance area is such a disgrace.
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There is one out at Yongning (actually its named the Tucheng store) that to me faces the wrong way - you arrive at the back and have to drive around to the front.
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Lots of places in Taiwan have this kind of âdesignâ (such as it is). I donât think it has anything to do with the tenantsâitâs just lousy work when the layout/design was made.
Guy
Been there a few times, yeah, you would expect the entrance facing the MRT station, right?
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It faces the parking lot.
Yeah, for some reason I always felt the car park between the MRT station and the mart was the one where you would park. Never really looked at the one on the other side. 
âCARREFOUR ENTERS INTO A GLOBAL STRATEGIC PARTNERSHIP WITH METAâ
"The partnership will support the Carrefour group in its digital transformation, providing more personalised and connected experiences for customers and 320,000 employees
Paris, Massy, November 9 2021 - Carrefour today announced the launch of an ambitious strategic partnership with Meta , which will be rolled out across the groupâs nine integrated countries (France, Italy, Spain, Romania, Poland, Belgium, Taiwan, Argentina, and Brazil).
The partnership will span many aspects of Carrefourâs business from internal communication and employee experience through to customer relations, digital advertising and the digitisation of leaflets, local communication and social commerce. It will include multiple Meta platforms and services: Facebook, Instagram, WhatsApp, Messenger and Workplace."
âTo digitalise its customer experience, the Group will also work with Meta to provide instant and more personalised experiences via WhatsApp and Messenger platforms. In addition, Carrefour will empower store managers to access local communication tools to activate Meta platforms in their catchment area to support the acceleration of local digital marketing.â
What was the problem of Facebook again and why they changed to META?
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Odd time to be doing this here, no?
They werenât making enough money.
Somebody high up at Carrefour was fed a lot of bullshit buzzwords.
My bullshit bingo card is full!
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So basically, âNew facebook messenger message: milk is on sale at Carrefour.â That is what they are buying? Incroyable.
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Forget e-commerce. They are jumping to a-commerce (algorithmic commerce) based on tracking our patterns and then feeding us what (the machine thinks) we want.
Guy
Will that mean they could actually continue to stock the stuff that I buy, rather than having it show up for a week and then disappear for months?
But I guess itâll mean âHey, you buy the extra mature cheddar the three times a year it shows up. Hereâs a 1% discount on a thousand-pack of our lowest quality Taiwanese barely-cheese-product singles.â
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As you imply, âA-commerceâ with well, letâs face it, bad logistics, does not sound like a well thought through plan. Throw additional Covid supply disruptions into the mix and you have a real loser! There must be something I am missing. Maybe the Carrefour messenger integration will have cool emojis or something?
Carrefour cares for your ⌠data!
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