Paris (AFP) – Auchan and Système U want beef up their alliance on purchases up to the creation of a common governance structure and signs of trade for certain stores, said Friday a portfolio U System speaking to AFP, confirming information of Figaro.
These developments remain subject to decisions of the Competition Authority, the “negotiations” still ongoing between the two groups and consent each independent traders of Système U network, said the spokesman.
As part of this merger, announced in February, the Hyper U could well change sign and adopt that of Auchan, when Simply Market of the Mulliez family group could adopt the U sign.
The two companies also plan to strengthen their alliance on purchases, launched in September. While Système U was far Auchan mandated to negotiate, it would become “associated” in the Eurauchan purchasing group, and it concerns all products, said the spokesman.
“The two companies confirm, as they have already done on several occasions since their mandate entrusted by buying U Auchan in September 2014, their intention to deepen their reflection of a broader alliance,” have they said in a statement.
“This project was presented in the respective works councils early 2015 and is indeed subject to review in Brussels since early March, with no date of return of the authority is known to date, “they added.
” The two companies confirm that they wish to be, once the return of the administrations concerned, a coordinating entity their joint actions, once they stopped. “
In their statement, the two groups report that the adoption of the U taught by Simply Market stores is” possible “, while stressing the singular nature of the two distributors “does not allow to consider systematic signs flops.”
U System is a cooperative grouping teaches independent traders, while Auchan is an integrated group.
Asked about the assumption of asset sales that could be imposed by the Competition Authority, the U System spokesman for his part said the group did not have a properly stores speak since he was a group of independent traders, but “in certain commercial areas, localities, maybe it will indeed pose a problem for competition, and perhaps that the groups must find solutions to restore a consistent competition the spirit of the law. “
In early April, the Authority has issued an opinion identifying several risks of distortion of competition in the retail sector, and invited distributors concerned (Auchan-U System but Intermarché-Casino, Carrefour, Cora) to adjust their practices.
No comments:
Post a Comment