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Carrefour Taiwan finalized the purchase of Wellcome supermarkets and Jasons Market Place stores
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Carrefour Taiwan completes acquisition of Wellcome, Jasons and Market Place stores
Carrefour Taiwan finalized the purchase of Wellcome Taiwan Co, bringing all Wellcome supermarkets and Jasons Market Place stores nationwide under its brand, the hypermarket chain operator said as the first converted Wellcome store reopened as a Carrefour outlet in Taipei. The company expects to convert Wellcome stores to Carrefour supermarkets at a rate of 36 to 40 a month and complete the conversions nationwide by August, Carrefour Taiwan president Wan
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Carrefour Taiwan completes acquisition of Wellcome, Jasons Market Place stores
By Angelica Oung / Staff reporter
Carrefour Taiwan (家樂福) yesterday finalized the purchase of Wellcome Taiwan Co (惠康百貨), bringing all Wellcome supermarkets and Jasons Market Place stores nationwide under its brand, the hypermarket chain operator said as the first converted Wellcome store reopened as a Carrefour outlet in Taipei.
The company expects to convert Wellcome stores to Carrefour supermarkets at a rate of 36 to 40 a month and complete the conversions nationwide by August, Carrefour Taiwan president Wang Chun-chao (王俊超) said.
Wellcome Taiwan, which was launched in 1987 by Hong Kong-based Dairy Farm International Holdings (牛奶國際控股), was Taiwan’s largest supermarket chain, before French hypermarket chain Carrefour SA in June last year announced its acquisition.
FTC conditionally approves Carrefour-Wellcome plan
Staff writer, with CNA
The Fair Trade Commission (FTC) on Wednesday conditionally approved an application by Carrefour SA to acquire Wellcome Taiwan Co (惠康百貨), saying the deal would create greater economic benefits than disadvantages to consumers as a whole.
Carrefour in June announced that it would acquire Wellcome Taiwan for 97 million euros (US$117.54 million), and have all the Wellcome supermarkets and Jasons Market Place premises across the nation under its banner within 12 months of closing the deal.
The France-based hypermarket chain made a deal with Hong Kong-based Dairy Farm International Holdings Ltd, a retailer that launched Wellcome Taiwan in 1987.