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M&A Deal Summary

Carrefour Acquires Wellcome Taiwan

On June 2, 2020, Carrefour acquired retailer Wellcome Taiwan from Dairy Farm International Holdings

Acquisition Highlights
  • This is Carrefour’s 11th transaction in the Retail sector.
  • This is Carrefour’s 1st transaction in Taiwan.

M&A Deal Summary
Date 2020-06-02
Target Wellcome Taiwan
Sector Retail
Buyer(s) Carrefour
Sellers(s) Dairy Farm International Holdings
Deal Type Divestiture

Target

Wellcome Taiwan

Taipei City, Taiwan
Wellcome Taiwan provides a variety of goods and convenient services so that consumers have a new shopping experience. The company has been constantly seeking new ideas and changes, introducing new concepts and new technologies from foreign supermarkets, and creating a history of Taiwanese supermarket chains with an international management philosophy. Wellcome Taiwan was formed in 1987 and is based in Taipei City, Taiwan.

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Buyer(S) 1

Buyer

Carrefour

Massy, France
Category Company
Founded 1959
Sector Retail
Employees324,750
Revenue 87.3B EUR (2024)
DESCRIPTION

Carrefour is a global food retailer. The Company operates more than 12,000 stores located in 29 countries. Carrefour was founded in 1959 and is based in Massy, France.

DEAL STATS #
Overall 18 of 20
Sector: Retail M&A 11 of 11
Type: Divestiture M&A Deals 4 of 4
Country: Taiwan M&A 1 of 1
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Potager City SAS

Toussieu, France

Potager City SAS is a provider of an online fresh seasonal fruit & vegetable boxes sourced from local producers. Potager City is based in Toussieu, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Market Pay

Evry-Courcouronnes, France

Market Pay is an innovative end-to-end omnichannel payments platform operating in multiple countries. With a strong retail heritage, focus on end-customer experience, unified data platform, and some of the best-in-class payment features, it is ideally positioned to help unlock real value for clients across all payment methods. Market Pay was founded in 2016 and is based in Evry-Courcouronnes, France.

Sell €300M

Seller(S) 1

SELLER

Dairy Farm International Holdings

Hong Kong, China
Category Company
Founded 1886
Sector Retail
Employees100,000
Revenue 10.4B HKD (2013)
DESCRIPTION

Dairy Farm International Holdings operates supermarkets, hypermarkets, convenience stores, health and beauty stores and home furnishings stores under well-known brands.

DEAL STATS #
Overall 2 of 2
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Taiwan M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-25 San Miu Supermarket

Macau

San Miu Supermarket Ltd. operates 15 mass-market supermarkets with an average gross store size of approximately 9,500 sq. ft.

Buy -
Mergr

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