Topic: How To Invest

Power Growth Investor Hotline – Friday, January 15, 2021

Article Excerpt

ALIMENTATION COUCHE-TARD INC., $37.98, is a buy. The retailer (symbol ATD.B on Toronto) operates 11,983 convenience stores across North America and Europe. Couche-Tard announced this week that it’s making a $19.66 billion bid to buy giant French hypermarket chain Carrefour. That company is listed on the Paris Stock Exchange. Carrefour—which opened its first store in 1960—is one of Europe’s largest grocery retailers. It also operates hypermarkets (retail outlets that combine a department store with a grocery store), and, in Asia and Latin America, supermarkets. The group employs more than 321,000 people worldwide and owns 12,225 stores in more than 30 countries. If Couche-Tard’s bid is successful, it would combine two companies with very different formats and geographical footprints into a global giant. In fact. It would be the world’s third-largest grocery retailer behind Walmart and Schwarz Group, the owner of the German international discount supermarket chain Lidl. A pioneer of the hypermarket format, Carrefour lost ground in recent years to Leclerc SA and German…

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