French retailer Carrefour has closed the acquisition of Wellcome Taiwan from Dairy Farm.
The acquisition includes 224 proximity stores in Taiwan, as well as a warehouse. The portfolio comprises 199 Wellcome stores, with an average sales area of 420 square meters (4,520 square feet), and 25 Jasons stores, with an average sales area of 820 square meters (8,826 square feet).
Carrefour plans to convert the Wellcome stores to the Market banner within the next 12 months, and then convert Jasons stores to a Carrefour premium banner.
