EUROPE: Casino, DIA in new purchasing tie-up | Progresiv
The Casino and DIA groups have announced plans to team up for an international purchasing tie-up, the latest such grouping of major players in the European retail industry. 
The tie-up will result in the formation of a new joint venture, ICDC Services, which will focus on the joint purchasing of national brand food products. Additionally, they have agreed to coordinate purchasing negotiations for their own abel brands in Europe, with the aim of ultimately pooling around 50% of volumes.
The deal, which is subject to regulatory approval, will not affect both sides’ existing purchasing agreements with other groups. Casino and DIA said the deal will help combine their expertise and synergies, while opening up additional markets to existing suppliers and improving the customer offer. (www.kamcity.com)
