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Amazon Looks to Expand in France, Eyes Supermarket Acquisition

Amazon Looks to Expand in France, Eyes Supermarket Acquisition

Wednesday, October 4th, 2017

Amazon may be on the lookout for brick and mortar acquisition targets in France; the online retailer has reportedly approached several supermarket chains—including Casino, Carrefour, and Leclerc—over prospective logistics partnerships and potentially a sale.

“Yes, we have been approached by Amazon,” Leclerc CEO Michel-Edouard Leclerc told Reuters. “Amazon could—why not—be our logistics partner.”

Leclerc’s confirmation that Amazon has expressed interest comes after several days of speculation that Amazon is shopping for on-ground retail and distribution targets in France. A Le Monde report cited sources suggesting that the Seattle-based company has approached Casino, attempting, it seems, to pick up the company’s Monoprix division—a chain of hybrid grocery-department stores comparable, in terms of product offerings, to a Target or Walmart.

Monoprix storefront

According to Le Monde, Casino has no intentions to sell Monoprix, and Amazon has also reportedly received similarly unfavorable feedback from other targets. Intermarché and Système U—two independent food distributors in France, linked to a potential acquisitions—both ostensibly rebuffed Amazon’s overtures.

“Amazon is not our friend: in the end their goal is to eat us,” Le Monde’s source, an unnamed grocery dealer, said, “and we are not going to open the door to them and give them the menu. "

The French news source also cited rumors linking Amazon to Carrefour and British supermarket Morrisons.

Amazon threw the industry into a frenzy of speculation earlier this year when the online retailer announced its plans to acquire Whole Foods for $13.7 billion. Since then, the company has implemented sweeping changes to Whole Foods’ pricing structure, and those changes seem to be paying dividends for the ever-expansive online retailer.

Deli Market News will continue to report as the situation develops.