El Corte Inglés transfers 47 Supercor stores to Carrefour for 60 million

by archynewsycom
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El Corte Inglés has just announced the transfer of the business of 47 Supercor stores to the Carrefour group. As reported by the company in a note sent this Wednesday, these are supermarkets considered “non-strategic.”

The operation reaches 60 million euros, according to group sources. And it implies that El Corte Inglés transfers practically 25% of the Supercor that it owns, given that in total it has 195 establishments.

The transfer is part of El Corte Inglés’ strategy to grow in the food area “with the opening of new large-format supermarkets, with the aim of developing a network of differentiated establishments, with a wide and quality commercial offer, and a level of service in line with the Group’s standards”.

In this context, the company has transferred to the Carrefour group the business of 47 Supercor supermarkets, considered non-strategic, retaining ownership of the properties owned by El Corte Inglés.

“The agreement for the transfer of the business establishes certain obligations for the maintenance of employment,” reads the statement. According to the company, the small print of the agreement assumes the maintenance of the currently active staff in the establishments.

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