Carrefour has entered into exclusive negotiations with European agri-food group NewPrinces Group regarding the sale of all its operations in Italy.

Carrefour Italy (“The Company”) currently operates a multi-format network of 1188 stores (including 41 hypermarkets, 315 supermarkets, 820 convenience stores and 12 cash and carry outlets), and generated gross sales of €4.2bn in 2024, representing approximately 4% of the Group’s total sales.

The planned transaction covers all of Carrefour’s activities in Italy. The estimated net impact on the Group’s treasury is -€240m, taking into account Carrefour’s financial contribution to support the transaction.

The Company will continue to operate under the Carrefour brand under a license agreement during a transitional period, as provided for in the services agreement. As part of the transaction, NewPrinces has committed to invest a minimum of €200m to enhance the long-term competitiveness of the Company.

The completion of the transaction remains subject to consultation with employee representative bodies, the obtaining of required regulatory approvals, and the signing of definitive legal documentation. It could be finalized by the end of 2025.

In a media statement, Carrefour has expressed its full confidence in the commitment of the management, teams, and all employees of Carrefour Italy “to ensure the success of this transaction and to contribute to this new chapter ahead, by continuing – just as they have done tirelessly for years – to serve their customers better every day”.