By Dominique Vidalon
PARIS (Reuters) - French retailer Auchan said on Monday it had not been approached by E-commerce giant Amazon about deals or partnerships in Europe, with speculation still rife that Amazon may be eyeing European transactions.
Auchan Retail head Wilhelm Hubner also told journalists that co-operation between Auchan and online giant Alibaba would focus on China for now, after Alibaba announced a deal with Auchan in China.
Amazon's $13.7 billion takeover of U.S. retail chain Whole Foods Market this year sparked speculation that it might be examining further tie-ups in Europe, possibly involving logistics partnerships with French supermarket operators.
"No. We have not been approached by Amazon on Europe or on any country. I consider that Amazon has a very industrial approach of commerce, not a very humanised one. This is not our vision and so we could not have started discussions," said Hubner, regarding the speculation concerning Amazon.
Hubner was speaking after Alibaba announced a HK$22.4 billion ($2.9 billion) investment for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd, as part of a wider push into offline retail.
As part of an alliance with Sun Art's top shareholders Auchan Retail and Taiwanese conglomerate Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retail would boost its own stake.
"This partnership is for China and the priority is to make it a success. The future will tell if there will be other partnerships (with Alibaba) in other countries," said Hubner.
Hubner, however, added Alibaba was keen on sourcing French, Italian and Spanish products through Auchan for its digital platforms and for the Chinese market.
Auchan has been present in China since 1998. The country is its second-largest market, making around 30 percent of Auchan Retail's annual sales of 52 billion euros ($61 billion).
Last month, French supermarket operator Leclerc said it had been approached by Amazon over a possible logistics partnership, while there has been speculation Amazon may eye deals with rivals Casino and Carrefour.
($1 = 0.8487 euros)
(Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
