According to media reports Amazon is eyeing the acquisition of retail giant Carrefour to bolster its presence in France and Europe as a whole even as people think the retail giant is national monument in France and regulators won’t okay the deal.
The reports come just a few weeks after Amazon bought Whole Foods Market in mid June in what analysts said the company’s move to keep up with the competition coming from offline stores like Walmart who are heavily investing in their online strategies.
If the reports are anything to go by, Amazon will enter bolster its Europe online efforts as well as invest in its physical retail infrastructure in Europe, Asia, Latin America and Africa where Carrefour operates.
There is no official communication from either Amazon or Carrefour and more and more people especially the French believe their government can’t allow such a deal to happen because of protectionism.
However, media reports claim the deal would see Amazon gain Carrefour’s huge network of physical stores across Europe and its huge share in the European food market. As of June, 2017, Carrefour group operates over 12,000 stores in more than 30 countries. If the deal is confirmed Carrefour will have to fire some of its over 115,000 employees, 42,000 of whom are hired per year – of which 11,000 are given permanent contracts, 25,000 are taken on as seasonal workers and 5500 are employed on block-release training contracts which is one big hindrance to the acquisition to take place.
In Kenya, Carrefour has been on the wrong side of news for entertaining a white racist shopper over the weekend and the local firm running it is quiet despite calls from the public for an apology.