Carrefour and Aeon announce a strategic partnership in Japan

11/03/05 Carrefour and Aeon have entered into a strategic partnership in Japan whereby Carrefour sells to Aeon its 8 hypermarkets, representing net sales of approx. € 326m.

The two parties enter into a partnership which covers the use of the Carrefour brand in Japan, collaboration on selected commercial concepts and the sale of Carrefour private label products in Carrefour Japan stores (Aeon will also be able to sell labels such as “Reflets de France” in Aeon stores).

The objective of Carrefour and Aeon is to develop and strengthen the hypermarket format in Japan through the alliance of the leading Japanese retailer and the second largest global retailer.

The sale of Carrefour Japan is part of a programme announced by Carrefour Group in September 2004 to divest non-strategic or underperforming activities.