The retailer gained market share in France.
Carrefour CEO Alexandre Bompard called plans to buy Brazil’s third-largest retailer a “transformation” move.
The French grocery giant said its like-for-like sales growth in 2020 was the best in the last 20 years.
The companies are considering sharing best practices on fuel, pooling purchasing and partnering on private labels.
French finance minister Bruno Le Maire threw cold water on the idea, noting the government could weigh in to protect the country’s grocery sector.
Amazon has become a lightning rod for frustrated French retailers worried about surviving the latest wave of lockdowns.
“The crisis confirms the relevance of our multiformat and omnichannel strategy,” said Carrefour ceo Alexandre Bompard.
Wellcome stores will be converted to the Market banner while Jasons stores will be operated under the Carrefour premium banner.
“Our group has become an essential actor for food — a public service,” said ceo Alexandre Bompard.
Consumers may favor hypermarkets again, executives said.