Report: Online giant has its eye on some French supermarkets

10/3/2017

Amazon is exploring its next grocery opportunity — but not in the United States.



The online giant is looking for physical store locations in France, especially Paris. French newspaper Le Monde, which first broke the story, said Amazon has approached various French supermarket operators — including Groupe Casino, Intermarche and Systeme U — about setting up distribution deals or making an acquisition in the country, according to CNBC.



Bidding on a supermarket operator is not new territory for the e-retailer, which purchased Whole Foods Market in August for $13.7 billion. Since Amazon’s is only eyeing 15 locations this time around, some sources are speculating that the units could be a way to expand the company's Amazon Go grab-and-go concept. The cashless convenience store is currently in a private beta test with only Amazon employees and located in Seattle.



To read more, click here.
X
This ad will auto-close in 10 seconds