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FTC fines PX Mart Co for failing merger condition

Bringing Taiwan to the World and the World to Taiwan

Taiwan , Ruentex-group , Auchan-retail-international , Fair-trade-commission , Px-mart-co , International-ltd , Mart-international-ltd , Fair-trade-act , France-based-auchan-retail-international , 台北時報 , The-taipei-times

North America Takes the Lead in the Global Hypermarkets

Dublin, Sept. 22, 2023 (GLOBE NEWSWIRE) -- The

Ukraine , Japan , United-kingdom , Edeka , Xizang , China , France , Brazil , United-states , Indonesia , Germany , Russia

Global Hypermarkets Market Hits $1,810.42 Billion in 2023, Set to Reach $2,400.19 Billion by 2027

/PRNewswire/ -- The "Hypermarkets Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering. The global hypermarkets market is on a...

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Global Hypermarkets Market Hits $1,810.42 Billion In 2023, Set To Reach $2,400.19 Billion By 2027

Global Hypermarkets Market Hits $1,810.42 Billion In 2023, Set To Reach $2,400.19 Billion By 2027
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《TAIPEI TIMES》Uni-President to take full ownership of Carrefour - 焦點

《TAIPEI TIMES》Uni-President to take full ownership of Carrefour - 焦點
ltn.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ltn.com.tw Daily Mail and Mail on Sunday newspapers.

Taipei , T-ai-pei , Taiwan , France , Dazhi , French , Taiwanese , Chen-kuo-hui , Wu-shih-hao , Chain-store-corp , International-ltd

Uni-President to take full ownership of Carrefour

Bringing Taiwan to the World and the World to Taiwan

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PX Mart acquisition of RT-Mart approved by FTC

The Fair Trade Commission (FTC) on Friday said that it had conditionally approved supermarket chain PX Mart Co Ltd’s (全聯實業) acquisition of hypermarket operator RT-Mart International Ltd (大潤發).
The overall benefits of the deal are expected to outweigh any disadvantages, the commission said, adding that it has imposed conditions on the deal to protect consumers and competition from possible abuse of PX Mart’s large market share.
The deal is expected to increase product delivery efficiency and reduce premature depletion of stock, the commission said.
The acquisition would also provide a better shopping environment after PX Mart completes renovations to RT-Mart outlets, it added.
Conditions

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《TAIPEI TIMES》 PX Mart acquisition of RT-Mart approved by FTC - 焦點

By Kao Shih-ching / Staff reporterThe Fair Trade Commission （FTC） on Friday said that it had conditionally approved supermarket chain PX Mart Co Ltd’s （全聯實業） acquisition of hypermarket operator RT-Mart International Ltd （大潤發）.

Taipei , T-ai-pei , Taiwan , International-ltd , A-px-mart-co , Taiwan-ruentex-group , Px-mart-co-ltd , Fair-trade-commission , Px-mart-co , Taipei-times , Kao-shih-ching

US' Costco buys out its local partner for US$1.05bn

US-based Costco Wholesale Corp on Thursday said that it had purchased the remaining 45 percent stake in Costco President Taiwan Inc (台灣好市多) for US$1.05 billion, making the local company a fully-owned unit.
“We estimate that the purchase would add about 1 to 1.5 percent to [our] earnings per share,” Costco said in a statement.
Costco President Taiwan was established as a joint venture with Kaohsiung-based President Group (大統集團), which held a 45 percent stake.
Since the first Costco store opened in Kaohsiung in 1997, 14 outlets have been set up in Taiwan, company data showed.
PROFITABLE
Three Costco stores in Taiwan — in Taipei’s Neihu

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RT-Mart sale to PX Mart could worry Carrefour: analyst

A deal for Taiwanese supermarket chain operator PX Mart Co Ltd (全聯實業) to acquire RT-Mart International Ltd (大潤發) could pose significant challenges for Carrefour Taiwan (家樂福), as the acquisition would help PX Mart extend its reach to the hypermarket business, according to a research economist.
“The acquisition deal is expected to boost competition in Taiwan’s hypermarket sector,” Commerce Development Research Institute deputy director-general Li Shyh-jane (李世珍) said. “It is possible that Carrefour might get nervous.”
On Friday night, PX Mart surprised the local retail industry by announcing the deal, which is expected to be completed in the middle of next year.
In a

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