Abandoned CORE members join ALIDIS

10 August 2015 (Updated: 10:50 GMT)
The current members of the CORE buying group - Coop (CH), Belgium's Colruyt and Italy's Conad - have opted to join the buying group Alidis. If approved by respective competition authorities  the new conglomerate will comprise those retailers as well as Germany's Edeka, Spanish co-operative Eroski and ITM (Intermarché) from France. Together, the six retailers will achieve a turnover of around EUR140 billion (USD152 billion) and cover eight of the most important Western European markets with ITM also being active in Poland and Portugal. The move is a direct consequence of principle CORE member Rewe Group leaving the alliance earlier this year in favour of Leclerc and Coopernic...