Competition Authority approval: A101-Carrefoursa merger to close 48 stores, alcohol sales end by year-end

Quick summary

The Competition Authority approved the A101-Carrefoursa merger on condition that 48 stores are divested and Carrefoursa ceases alcohol sales by year-end. Once completed, the new company will become Turkey's third-largest retail player after BİM and Migros.

Why it matters

Carrefoursa shoppers may experience changes in pricing and product range; alcohol buyers will have until year-end to gradually switch to other chains. The closure of 48 stores across regions may affect some customers' access to their nearest branches.

Key takeaways

• ›A total of 48 branches will close, comprising 10 from A101 and 38 from Carrefoursa.
• ›Alcohol sales at Carrefoursa's 1,237 stores across 77 provinces will be completely phased out by December 31, 2024.
• ›The total workforce of both chains is committed to be maintained at current levels for three years.
• ›Once the merger is completed, the resulting chain will become the third largest player in Turkey's retail market after BİM and Migros.