Carrefour expands with acquisition of Magne and plans for new stores

Published 01/04/2025, 11:34
© Reuters.

Investing.com -- Carrefour (EPA:CARR), the French supermarket group, revealed on Tuesday that it has acquired Magne, a convenience retailer based in France. Magne has a network of 101 stores primarily located in the south-east region of the country.

In addition to this acquisition, Carrefour has also shared its plans to expand its own chain of convenience stores. The company initially intended to open 250 new stores this year, but has now increased this target to 400 stores, according to a company statement.

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