New Princes will buy Carrefour Italia supermarkets: the difference between cheer and reality

One cannot improvise as a retailer and, above all, it is not always the case that aggregating several realities, with different cultures, brings strength: the acquisition of Newlat reminds me of the events of Standa and those of Auchan-Conad, but also of the Carrefour- Promodes merger or the events of Walgreens with Boots. Not to mention the lesson of the bankruptcy of Sears or that of the closure of Dominick’s for manifest incompetence

Unfair Practices : The failure of regulation

Penalties for unfair practices in 2023-2024 amount to only 665,000 euros against estimated damages of at least 350 million annually. in essence on prices and unfair practices the ‘dolce far niente’ of Italian politics continues. Remember this when you see the next tractors in the square or when you hear about the sad affairs of groups like Auchan, Casino, Carrefour Italia and others

About the GS- Carrefour operation and the Benetton – Delvecchio consortium

“Someone still has to explain to me why, in a retail market that needed concentration [and expertise], the government allowed a group that didn’t even have a delicatessen, to buy GS (which belonged to Sme =IRI= Italian State!) and then resell it quietly to a foreign group (Carrefour) after a few years” Mario Gasbarrino. This also applies to the New Princes operation