Europe’s big five double market share – Tesco PLC, Rewe, Metro, Carrefour S.A., Intermarche S.A – Brief Article

Europe’s big five double market share – Tesco PLC, Rewe, Metro, Carrefour S.A., Intermarche S.A – Brief Article – Statistical Data Included

The top five supermarket chains in Europe have doubled their share of the market in ten years, according to data from research group M+M Eurodata. The companies are Tesco of the UK, Germany’s Rewe and Metro, and French outfits Carrefour and Intermarche. These five firms now turnover a total of 226bn [European Dollar], giving them a 26% share of the market compared to 13.8% in 1990. Tesco has grown by 78%, Intermarche by 102%, but by far the largest growth came from French giant Carrefour, which thanks to its merger with compatriot firm Promodes, has grown by 257% over the last ten years. There are two main reasons for this growth. Firstly, the companies in question have grown organically, rapidly taking advantage of markets in the Middle East European nations. Also, there have been several major takeovers in the sector, for example, Carrefour/Promodes, Rewe/Billa and Metro/Makro.

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