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Dairy Farm International Holdings Limited (DFIJ.L)

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9.17+9.17 (+0.00%)
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  • Reuters

    France's Carrefour buys 224 convenience stores in Taiwan

    French retailer Carrefour said on Tuesday it had agreed to buy Wellcome Taiwan from Dairy Farm, as it further expands its footprint in Taiwan and in the fast-growing convenience stores format. The transaction, with an enteprise value of 97 million euros ($108.00 million), covers the purchase of 224 proximity stores in quality locations as well as a warehouse, the statement said. Wellcome Taiwan posted net sales around 390 million euros in 2019.