PARIS — Carrefour SA has received a proposal for a strategic partnership that would create Brazil’s largest retailer by merging its assets in that South American country with those of Brazilian retail group Companhia Brasileira de Distribuiçao.
The announcement Tuesday puts an end to weeks of rumors of a planned linkup between Carrefour and CBD, which has strong ties to rival French supermarket operator Groupe Casino, owner of 37 percent of CBD’s capital. Casino shot back with a statement describing the plan as “manifestly hostile.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)